It has been a muted day for stocks with both the main and junior markets in London seeing modest selling pressures during the day. We’re in something of a news vacuum right now and whilst people are ready to cheer that fragile ceasefire in the Middle East, there’s clearly concern as to what happens next. At the bell, the AIM All Share was just over two points lower at 760.2.
- Tiger Royalties +22%
- Bezant Resources +17%
- Sanderson Design +12%
- Arkle Resources -45%
- Nativo Resources -28%
Tiger Royalties LON:TIR sat 22% higher on the day as the company’s share price continues to see something of a rollercoaster performance. The company announced another Subnet acquisition yesterday but this appeared to have a more muted response that the one last week, at least in the short term. Today we have seen some of Tuesday’s losses recouped.
Bezant Resources LON:BZT was trading 17% higher at the bell, with the company reporting this morning that environmental clearances had been obtained for a project in Namibia.
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Sanderson Design LON:SDG was 12% higher on the day, having issued an AGM statement this morning. There wasn’t much detail to be found in here, although cost saving measures and inventory reduction are noted. Full year expectations remain on track.
Arkle Resources LON:ARK stood 45% lower following the publication of full year numbers. Losses have ballooned and the asset base has been sharply eroded, resulting in concerns being flagged regarding the company’s future. Additional financing will therefore be necessary.
Nativo Resources [LON:NTVO] traded 28% lower on the day and that coincides with a TR1 notification that a broker had sold down almost half of its position, from 22% to just over 11%. Stake building news saw the share price rally ahead of the weekend break so this just appears to be a continuation of that horse trading but it’s also worth noting this company has a market cap of just £300k.
