- PCF Group +48%
- Oriole Resources +22%
- Invinity Energy +11%
- Argos Resources -21%
- Trackwise Design -21%
A lunchtime roundup to finish off the year sees the AIM Index trading just over two points lower at 834.58 as markets digest last night’s slightly more hawkish than expected monetary policy statement.
PCF Group LON:PCF was topping the board again at midday, having added another 48% as investors assess the delisting of the company’s stock. That adds to impressive gains posted on Wednesday but the spread of 17% does need to be taken into account.
Oriole Resources LON:ORR added 22% on Thursday morning, having already reversed its gains from earlier in the week. Volumes have been elevated for the last few days off the back of JORC results and subsequent analyst coverage, so it’s going to be key to seeing if the upside here can now be sustained. The 14% spread is also notable, reflecting lop sided demand for the stock.
Invinity Energy LON:IES is again back on the list as today’s notable mention, up 11%. Sale news on Tuesday was well received, but yesterday’s news of a CLN being deployed appeared more unsettling. The market is however now offering a degree of support for the stock. Given where the share has traded historically however, missing out on the 40p entry level is unlikely to be the cause of much concern.
- Invinity launches next-gen battery pack
- Small Cap Stocks: Oxford Biodynamics, Mirriad, United Oil & Gas
- Three Quick Facts: Berkeley, Superseed Capital, Invinity Energy Systems
Argos Resources LON:ARG was down 21% at midday. This morning the company announced plans to dispose of its North Falkland Basin interests in exchange for equity in the enlarged company. Whilst the deal may be attractive, completion would see the company trigger rule 41 which could result in an eventual delisting.
Trackwise Design LON:TWD had another down day, shedding a further 21% and extending Wednesday’s losses. That deeply discounted placing along with the idea that another raise will be needed in the coming months has understandably rattled confidence, although the stock has managed to come back a little from mid-morning lows.
That rounds up my market commentaries for 2022. Thanks for following along, I wish you all a happy Christmas, a truly prosperous New Year and I’ll be back in the first few days of January.
