At 1pm, London’s AIM Index was close on six points lower at 806.22, with the ongoing sell off of Sterling providing a degree of insulation from mounting recession concerns.
- Parsley Box +43%
- Empire Metals +30%
- Xpediator +14%
- Longboat Energy -38%
- Yourgene Health -13%
Parsley Box LON:MEAL topped the board, up 43% on the day. There’s no formal news out but the ongoing talk of delisting whilst there’s still cash in the business does evidently provide some appeal at these levels.
Another upbeat exploration note served to bolster support for Empire Metals LON:EEE today, advancing 30% by 1pm. This has helped extend the gains seen a couple of weeks ago when news of the giant copper find was first disclosed. Shares are up around 100% from the October lows, although the close on 10% spread should be accounted for here, too.
A Q3 trading update provided some support for Xpediator LON:XPD which was 14% higher at 1pm. There was nothing groundbreaking in the news but the company appears to be making solid progress and full year expectations remain very much on track.
Longboat Energy LON:LBE slipped 38% in the morning’s trade, despite news of a condensate gas find. Potential here appears to be coming in at the lower end of expectations, more than unwinding the upside which has been emerging since initial find results were revealed in September.
Yourgene Health LON:YGEN was in second to last place at copy time, although losses were a modest 13%.The company issued a half year trading update this morning which painted an as expected picture although margin stresses do appear to be weighing.
