The week started with another relatively uninspiring day for the AIM index as a whole, although true to form there were some big movers amongst constituents. The index closed the day up by less than one point at 964.72.
- Kodal Minerals, +100%
- Alien Metals +37%
- Nostra Terra Oil & Gas -18%
- Brighton Pier Group -17%
Biggest AIM risers
Kodal Minerals [LON:KOD] has signed an MoU with Sinohydro to review the company’s operation in Southern Mali. Sinohydro is a subsidiary of behemoth PowerChina, although optimism as to what this means could yet be overblown.
Alien Metals [LON:UFO] saw some activity late last week, but gains were difficult to sustain. Shares jumped 37% yesterday however after the company announced the appointment of a new CEO. This is an internal move although the new hire has been working as CEO-elect for the last 14 months since his arrival at the business.
Biggest AIM fallers
Shares in Brighton Pier [LON:PIER] fell to a 12 month low at the close, with little fundamental data around to support the move. However by all accounts the poor weather will have made for a lousy Bank Holiday weekend, which could be weighing on sentiment.
Nostra Terra Oil & Gas [LON:NTOG] was the day’s biggest faller, off 18%, although with a sub – £1m market cap, it’s difficult to read anything into this. No statements have been published by the company since the AGM results in late July.
4D Pharma [LON:DDDD], up 32% on the day. The stock has seen a series of moves higher in recent months and received more attention today. Some investors appear to be inspired by the performance which was seen by Synairgen and the company is currently trialling a therapy which could treat both Asthma and COVID-19. One to watch?
About this column
The AIM Straight Take is designed to cut through the hyperbole and summarise the facts of what has been driving share prices on London’s junior market. The report is currently published daily at 8am, with an intra-day update possible should demand warrant it. We would like to hear your thoughts on our new daily column. Feel free to post any feedback in the comments section below or send The Armchair Trader team an email directly to firstname.lastname@example.org