London’s AIM All Share made a promising start to the day but most of those gains proved unsustainable, with the index finishing just over half a point higher at 688.27.
- Xtract Resources +25%
- Oracle Power +17%
- Victoria +9%
- Harvest Minerals -33%
- Beeks Financial -23%
Xtract Resources LON:XTR topped the board, up 25% on the day. The company issued a drilling update late on Thursday and momentum has been sustained since with elevated volumes, strong buying demand – and a wide spread.
Oracle Power LON:ORCP was 17% higher. There’s no firm news here although some ongoing projects may be due an update.
- UK Stock Market News: Character, BP and Oracle Power
- AIM Market Roundup: Celadon Pharma, Oracle Power, Volex
Victoria LON:VCP was 9% up. There’s news out today regarding the transition to a new CFO in the summer, but whether the move can be ascribed to that is difficult to say.
Harvest Minerals LON:HMI was 33% lower on a sales and corporate update issued this morning, noting challenging market conditions and uncertainty as likely to prevail in the year ahead. The note adds that a strategic review has been launched, which could include the potential sale of one or both businesses to maximise shareholder returns.
- Small Cap Stocks: Arc Minerals, Versarien, Fiinu
- Small Cap Stocks: Nightcap, Capital Metals, Chaarat Gold
Beeks Financial Cloud LON:BKS was down 23% with the company having published interim results this morning. The note highlighted a slew of positives and separately Beeks also announced a revenue share deal with crypto exchange Kraken, but the market failed to warm to the news.
