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Equity markets have been under pressure globally during Wednesday’s session and AIM has been no exception. The index reached the bell some eight points lower, settling just below the 1300 mark for the first time this month.

  • CEPS +19%
  • Orcadian Energy +18%
  • Aura Energy +16%
  • Star Phoenix -12%
  • Univision Engineering -12%

A comparatively uneventful day for the junior board saw no truly significant price moves, with the biggest riser being CEPS [LON:CEPS], which tacked on almost 19%. The company has an investment portfolio of entrepreneurial businesses, and a market cap of £8m but today’s move barely covered the spread. Volume has been elevated but transactions are lumpy. No formal news released.


The second biggest riser was Orcadian Energy [LON:ORCA], with the shares up 18% on the day. There’s no news out yet but the company is due to make an investor presentation this evening and there has been a notable uptick in volumes during the session.

Notable mention for Aura Energy [LON:AURA] which also fared well, adding 16% by the bell, as shares continue their northbound trajectory which got underway at the start of the month. Gains are around 150% over the last week and with Uranium prices surging – they topped $40/lb yesterday for the first time in six years – the stock seems to be riding this wave.

Star Phoenix Group [LON:STA] was the day’s worst performer, although losses were a mere 12%, which sits within the quoted spread. Again, trade has been thin but a corporate update published yesterday covered various points, but included flagging up cashflow issues at the firm which had lead it to postpone director payments until at least the start of next year

Univision Engineering [LON:UVEL] came in as the second worst performer, with shares off by 12% at the bell. Again no formal news announcement here although a bit of digging shows AIM-bedfellow and partner company Blackbird has today announced a deal that could – possibly – be construed as negative to its work with UVEL. The 20% spread does however mean it’s difficult to read much into this.

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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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