London’s AIM Index has seen a relatively subdued start to the week, with modest early gains proving unsustainable and the market reaching the bell less than half a point down on the day at 919.89
- Artemis Resources +38%
- Joules Group +35%
- Touchstone Exploration +24%
- Eco Animal Health -19%
- Rockfire Resources -11%
Artemis Resources [LON:ARV] found itself at the top of the board today, some 38% higher at 4.30pm. There’s no news here but more assay results were promised in the quarterly update issued a couple of weeks back. Could these be imminent?
Struggling lifestyle brand Joules [LON:JOUL] issued a statement this morning noting that Next may become a strategic investor in the company. This appears to have been well received by shareholders, especially at a time when economic headwinds are mounting. The stock finished 35% up on the day.
Touchstone Exploration [LON:TXP] gets the notable mention, up 24% at the bell. This morning the company notified the market that the Environmental Management Authority of Trinidad & Tobago had approved its impact assessment for an oil and gas project. Shares are now trading around 50% up since the start of last week,.
Eco Animal Health [LON:EAH] struggled, finding itself 19% down on the day. A trading update this morning highlighted a potential sales tax irregularity, which could cost the company in the region of £2.5m and will result in a £1m hit to EBITDA when full year results are posted in the next week or so.
Rockfire Resources [LON:ROCK] reached the bell in second to last place, off 11%. There was a small number of big trades put through in the latter part of the day but no news has been released since last week’s identification of new targets in Queensland, an update which failed to offer much inspiration.
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