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London’s AIM index spent the session underwater but did manage to find some support off the back of a moderately upbeat open on Wall Street, reaching the bell almost five points lower at 893.49

  • Vast Resources +19%
  • Provexis +16%
  • Corcel -20%
  • Quadrise Fuels -15%
  • Clontarf Energy -15%

Vast Resources [LON:VAST] was the day’s biggest riser, adding 19% but there’s no news here and the stock still sits well below May’s highs. Given the healthy selling demand being seen, it’s difficult to read much into these gains.

Provexis [LON:PXS] also fared well, adding 16% by the bell, but order flow was limited and the stock closed on an 11% spread. Volumes may have been elevated but they’re far from atypical, suggesting more transparency might help find a fair price here.

Corcel [LON:CRCL] was the day’s worst performer, off 20% at the close. An operations update published this morning appears to have left investors focusing on the end of negotiations over the Avonmouth site.

Quadrise Fuels [LON:QFI] also struggled, finding itself 15% offside at the bell. However deal flow was limited and the spread accounted for much of the downside.

The market has been comparatively inactive today, but Clontarf Energy [LON:CLON] gets the notable mention, off 15% at the bell. Preliminary results published this morning clearly left little to cheer, but the loss was within the closing spread and notably there was some reasonable buying interest in the stock.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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