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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Argos Resources, Simec Atlantis, Boohoo

Taking a lunchtime cut today, the AIM Index opened with some modest gains but support has been difficult to maintain, with the market slipping back into the red and sitting just over two points lower at 1pm to trade at 984.53.

  • Argos Resources +27%
  • Simec Altantis +22%
  • Boohoo +16%
  • Uru Metals -20%
  • Eurasia Mining -12%

Argos Resources [LON:ARG] continued its move higher on the week, adding a further 27% in morning trade. There’s no news here and the spread is currently quoted at an eye catching 33%, but again as the world looks beyond Russia for its energy needs, a stock like this – currently valued at under £10m – could hold potential.

Simec Atlantis [LON:SAE] had added 22% by 1pm. The renewable energy sector is perhaps unsurprisingly finding itself in focus right now and Simec appears to be benefitting from this. The company does however have a modest £11m market cap, but trade has been brisk and the spread is a comparatively modest 6.5%.

A notable mention for Boohoo [LON:BOO] with shareholders taking the glass half full approach to today’s results, taking on 16% during the morning. Shares have however been under sustained pressure for the last year, so there’s arguably a degree of bargain hunting taking place here, too.

Uru Metals [LON:URU] was the morning’s biggest faller, slipping 20%. Again this is a minnow of a stock, has seen thin trade so far and sits on a very wide spread. Nothing to see here, by the look of it…

Eurasia Mining [LON:EUA] also had a sluggish start to the day, down 12% at 1pm. Yet again there’s a meaningful spread here, but for a company now valued at £200m (it was closer to £1bn at the start of the year) this is a little more troubling. News that Evraz has seen its shares suspended in London could be contributing some read across here.

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This article is not investment advice. Investors should do their own research 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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