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London’s AIM index waivered around the break-even point for much of Monday’s session although failed to hang on into the close, settling down almost three points at 975.11

  • Bezant Resources up 90%
  • Panthera Resources up 65%
  • Boohoo Group down 20%
  • Tanfield Group down 14%
  • Notable mention Orosur Mining up 7%

Shares in Bezant Resources [LON:BZT] gained ground today before lurching higher into the close, finishing up 90% on the day. There’s no official news, but the stock saw exceptionally high volumes through the day.

Panthera Resources [LON:PAT] also fared well, adding 65%, pushing the minnow to a market cap of around £9m at the close. Again trade was brisk and even taking into account the quoted spread of 15%, there’s still been some meaningful upside here. As we’ve seen elsewhere in recent days, there’s no news out yet but expectations of drilling results in the near term are buoying sentiment.

Boohoo [LON:BOO] found itself at the foot of the board on Monday, losing 20% after news broke that it was on the hunt for a new auditor. The company attempted to put a positive spin on the story this morning, but the market clearly felt ready to sell down shares as a result.

Tanfield Group [LON:TAN] slumped today, although with trade all being one way and the stock trading on a 36% spread, it’s a case of the losses needing to be taken in context.

A notable mention for Orosur Mining [LON:OMI] who have been in the column in recent days. They had Q1 results out ahead of Monday’s opening bell and although there was nothing outstanding in there – largely a recap of recent updates – it was sufficient to lift the stock almost 20% in early trade. The bulk of the gains didn’t however last – there appeared to be little justification after the run up of the last three weeks – although investors were still left ahead on the day.

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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