After a rangebound session on Friday, the AIM All-Share Index closed up 0.7 points at 964.04
- Hermes Pacific Investments, +85%
- Wishbone Gold, +31%
- Attis Oil and Gas, -21%
- Rurelec, -19%
Biggest AIM risers
Hermes Pacific [LON:HPAC] jumped to trade as high as 175p at one point during Friday’s session, before closing at 115p. That still made for a remarkable 85% gain on the day, although wide spreads suggested there was very limited liquidity in the market.
Wishbone Gold [LON:WSBN] also fared well, adding 31%. They have just completed a cap raise with shares being added to the market earlier in the week. Fresh gains for gold during the session will likely be helping here, too.
Biggest AIM fallers
Attis Oil and Gas [LON:AOGL] is the worst performer of the day. There was an argument to suggest that falling oil prices may be weighing on the stock but with a recovery having taken place ahead of the weekend break, a fundamental explanation appears absent!
Rurelec [LON:RUR] makes it back onto the radar too. Having rallied hard on Wednesday and during the early part of Thursday, starting at 1p and making it to 3.4p, shares settled at 1.3p ahead of the long weekend. Excitement over the Reduction of Capital led to an RNS clarifying the situation, which appears to have reset expectations over the outlook – at least in the near term.
Beximco [LON:BXP] has announced that it will be collaborating with SII on a COVID-19 vaccine. SII has partnered with AstraZeneca, the Gates Foundation and Gavi, to produce more than a billion doses of a vaccine for global supply. Beximco would be the exclusive distributor in Bangladesh. Shares closed up 20% on the day.
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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 email@example.com