London’s AIM All Share has been trading in a narrow range today, finishing less than a point lower at 680.21.
- Xtract Resources +36%
- Eurasia Mining +32%
- Haydale Graphene +20%
- Oncimmune -28%
- Hornby -26%
Xtract Resources LON:XTR was up 36% on the day with a late-session drilling update injecting some life into the stock. It’s only the early stage results which are in, but there’s an upbeat air to the narrative.
Eurasia Mining LON:EUA was 32% higher with another late session rally as markets responded optimistically to the idea that the war in Ukraine may be coming to a close, something that would bode well for the business.
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Haydale Graphene LON:HAYD was 20% up to get the notable mention, following the release of interim results this morning. The business is going through a restructuring and the change means that revenues are down notably as the focus shifts to the most profitable lines. Margins are a shade higher, but the question is how quickly can profitability be seen?
Oncimmune LON:ONC was the biggest faller, off 28%. There’s no news but the company continues in its quest to find a strategic partner to offer support as it looks to gain critical mass. With no progress being seen here, are investors running out of patience?
Hornby LON:HRN finished 26% lower as the company announced its plans to delist from AIM. Losses were far more significant in early trade, but with two institutional investors owning more than 90% of the business, that provided some stability, along with meaningful buying demand being recorded. There’s also a spread in excess of 10% being quoted here.
