After struggling to find any meaningful direction through the bulk of the session, London’s AIM index nudged its way fractionally higher off the back of some moderately positive sentiment emerging across the Atlantic. Ultimately the junior market reached the bell just under one point higher at 866.25.
- GYG PLC +40%
- MC Mining +35%
- Westminster Group +30%
- Tanfield Group -25%
- Orosur Mining -18%
- Katoro Gold -15%
Shares in GYG LON:GYG saw something of a rebound today as they announced that following their delisting, their stock would be tradable on a matched bargain basis with JP Jenkins. This evidently offered up some support as a result, leaving the stock to bow out at the top of the table, some 40% ahead, albeit on an incredibly wide spread and off the back of limited trade.
MC Mining [LON:MCM] found itself in second place, advancing 35% on the day. There’s no news out here but the stock performed well in overseas markets and trade volumes were somewhat higher than normal, too. Could news be imminent?
Security specialists Westminster Group LON:WSG added 22% by the close, taking the day’s notable mention. There’s no fresh news out here, but the company did announce a new contract ahead of the weekend break. It seems a bit late for the market to only be catching up with this now so the near term price action – including that late sell off tonight – will be worth following.
Tanfield Group was again on the list, down almost 25% at 4.30pm but it’s the usual story here of wafer thin dealflow and a colossal spread so we’ll instead move to Orosur Mining [LON:OMI] which found itself in second to last place today, shedding some of those gains accrued of late, down some 18% at the close. Profit taking off that spike following the update in Colombia would seem to be the obvious culprit here.
Katoro Gold LON:KAT also found itself squeezed, falling some 15% by the bell. However this is a another minnow of a stock which saw very limited dealflow and sat on a 20% spread at the bell.
