London’s AIM All Share index started the month on the front foot, although trailed the FTSE-100 by some margin. A risk on mindset as investors shun US stocks amidst the government shut down seems to be playing here, with the index closing just over four points higher at 787.69.
- UK Oil & Gas +365%
- Tertiary Minerals +49%
- Pulsar Helium +26%
- Litigation Capital -60%
- Proteome Sciences -23%
UK Oil & Gas LON:UKOG was topping the board, up an eye catching 365% on the day. The company’s stock resumed trading today after results were filed, whilst an MoU was also signed with National Gas Transmission regarding a hydrogen grid.
- AIM Market Roundup: Sabien, Gunsynd, Bezant Resources
- UK Oil & Gas raises £3m to fund hydrogen transition
Tertiary Minerals LON:TYM was in second place, up 49%. That comes off the back of news that the company had released drilling results from a project in Zambia, revealing high grade intersections.
- AIM Market Roundup: Genincode, Silver Bullet, Focusrite
- AIM Market Roundup: Dewhurst, Metir, Tertiary Minerals
Pulsar Helium [LON:PLSR] gets the notable mention, up 26% on the day. Again its drilling results here that have been the driver, although further exploratory work is now set to commence. This could prove pivotal when it comes to the company’s future.
- Positive results from Pulsar Helium’s Greenland project
- AIM Market Roundup: Sorted, Versarien, Savannah Resources
Litigation Capital LON:LIT was the biggest faller, off 60%. Results were out this morning, but the company then went on to advise that a case it was backing had been lost, with a consequent impact on the balance sheet.
Proteome Sciences LON:PRM was 23% down on the day, extending losses from last week. There’s no specific driver behind the news but the spread – which comfortably exceeded the loss – suggests a meaningful imbalance on the order book.
