Another day of limited activity for the AIM Index as a whole which remained stuck in a five point range and closed just a fraction higher at 1264.67.
- Cora Gold +41%
- Panthera Resources +25%
- MobilityOne +20%
- i3 Energy -18%
- Orosur Mining -15%
Cora Gold LON:CORA found itself at the top of the board by the closing bell, adding 41% off the back of news that drilling results had shown a world class intersection of gold, specifically the most significant ever discovered by the company. The update has pushed shares to levels not seen since last summer and with more assay results to come, this stock could find itself on our radar over the coming months.
Panthera Resources LON:PAT fared well, adding 25% by the close of play. There’s no firm news out here but the small cap of this miner and hopes that some positive news will arrive soon seems to be sufficient to be driving the shares away from recent lows. The stock remains around 50% off the all time highs tested in January.
A notable mention for Malaysian mobile payments company MobilityOne LON:MBO which saw its shares surge 20% today. There’s no news behind the move, but the stock has been struggling for the last few weeks so with fintech and payments very much back in vogue after the successful Wise IPO this morning, there could be some read across here.
I3 Energy LON:i3E came out at the bottom of the pack, in the wake of an accelerated book build. Shares were offered at 11p, on the basis that this was just 3% off the 15 day closing average, although with stock trading as high as 16p during yesterday’s session, the 18% slump seen today reflects the true discount here.
Orosur Mining [LON:OMI] was one of the day’s biggest fallers off 15% with profit taking off the back of Tuesday’s stellar jump higher likely taking a toll. In separate news the company did announce this morning that a letter of intent had been signed regarding a potential joint venture in Brazil, but it’s sellers taking a little of the froth off the top here that seems to be dominating.
