It’s been another relatively benign session for the AIM Index. London’s junior market may be off early afternoon lows, but the fact more hasn’t been made of GBP weakness is perhaps telling. At the bell we sat a little over two points lower at 867.01.
- Vast Resources +162%
- Feedback +22%
- Sunrise Resources +20%
- TPXimpact -46%
- 4Global -20%
Champagne corks will be flying amongst Vast Resources LON:VAST investors after the stock added 162% by the bell. Granted this only takes the valuation back to levels seen last summer, but this morning’s trading update contained positive news over the bid to unlock diamonds which have been retained by the Zimbabwe government for over a decade. A ruling is expected on this tomorrow, whilst the healthy increase in revenues plus a reduction in overheads are also worth mentioning.
Feedback LON:FDBK added a rather more modest 22% off the back of chatter that the company has been awarded a meaningful contract – and that more may follow.
Sunrise Resources LON:SRES gets the notable mention after its 20% advance on the day. However that’s barely more than the closing spread, but trade was brisk with sharply elevated volumes passing through.
TPXimpact LON:TPX found itself at the foot of the board, down 46% in the wake of a Q3 trading update. Despite a solid enough performance, management have revised down full year revenue estimates by a little over 10%, taking into account the expected performance in Q4.
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- Feedback staking future growth on NHS adoption of Bleepa
- AIM Market Roundup: Staffline, Vast Resources, Orosur Mining
4Global LON:4GBL slipped 20% on the day. There’s no news, but this takes the share price to 50% of the IPO level from December 2021. Volumes were notably higher than average but far from being off the chart and with a close on 10% spread, unless we see some confirmatory news tomorrow there’s a chance this latest downside move could prove short lived.
