Despite early gains, the AIM All Share lost momentum through the session with London markets failing to find cheer from rising speculation that another US rate cut is coming. The prospect of tax hikes in next month’s budget is likely weighing and the junior index was trading around one point lower at 788.34 by the bell.
- URU Metals +58%
- Eco Building +28%
- ActiveOps +27%
- DSW Capital -13%
- Thor Energy -18%
URU Metals LON:URU was leading the pack again today, adding to Tuesday’s gains. There’s a lot of chatter in the market right now that a key development is imminent, but nothing beyond that. Volumes remain sharply elevated.
Eco Buildings [LON:ECOB] was in second place at copy time, up 28%. This extends gains from earlier in the week following news that the company intends to expand its modular housing service into Sudan by way of a JV.
ActiveOps LON:AOM gets the notable mention, trading 27% up on the day. A trading update published this morning saw the company call H1 revenues up 45%-50% in what management declared as an excellent period. The company is debt free and has a stabe cash balance.
Thor Energy LON:THR was the biggest faller at the close. There’s no news, but the stock made good progress last week and is now handing back those gains, off 18% on the day.
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DSW Capital LON:DSW slipped 23% late afternoon but managed to claw back some lost ground, but trading was thin and the move is barely outside the quoted spread. Losses were closet to 13% by the bell but this is extending the sell off that got underway late last week with a recent investor presentation evidently failing to provide much cheer.
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