It has been something of a mixed start to the week for equities globally, but the broad trend in London at least has been marginally lower. The AIM All Share was trading down almost one and a half points by 4pm at 770.92.
- TomCo Energy +20%
- Versarien +20%
- Mindflair +15%
- Cora Gold -37%
- Buccaneer Energy -27%
TomCo Energy LON:TOM was 20% higher on the day by 4pm. However this is a thinly traded stock with a significant spread. Today’s gains need to be viewed at the same time as Friday’s losses, which this essentially reverses.
Versarien LON:VRS was 20% higher too, but it’s a not too dissimilar story to TomCo. Wide spreads, limited volume and the stock is recovering ground lost ahead of the weekend break after the company announced plans to dispose of assets.
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Mindflair [LON:MFAI] was 15% higher at copy time, taking the notable mention. That appears to be off the back of news issued this morning that the company had indirectly upped its stake in a hybrid AI company, which itself has been spun out of the maths department at Oxford University.
Cora Gold LON:CORA was the biggest faller, off 37% by the time of writing. There’s no news but volumes have been elevated dramatically on the day and the move extends the run of losses that have been building for the last couple of weeks.
Buccaneer Energy [LON:BUCE] was in second to last place, down 27% with the news coinciding with a brace of announcements. The company announced it had spudded a new well on target but this was immaterial in the face of news of a £500k fundraise, with the discount being reflected in the underlying price. Even the launch of a BTC Treasury function failed to garner any interest.
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