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AIM round-up: Coro Energy, Getech Group, Rambler Metals


London’s AIM Index has just managed to make a positive start to the week, fractionally outperforming its blue-chip counterpart, ending the session just over one point higher at 1254.08

  • Coro Energy +21%
  • Getech +17%
  • Rambler Metals +15%
  • ADM Energy -16%
  • Gfinity-11%

£6m minnow Coro Energy LON:CORO was in first place today, adding almost 21% by the bell. The company has been heralded as one of the most exciting AIM listed ESG stocks by some commentators, with a focus on South East Asia whilst it also looks to latch on to decarbonisation initiatives. Volumes were elevated during the session which has in the past helped deliver spikes in pricing. Will the gains prove sustainable and is there good news to come?

Getech Group LON:GTC found itself in second place, adding 17% in the wake of an announcement that H2 Green – one of its wholly owned subsidiaries – had entered into an agreement with Shoreham Port to develop a renewable energy hub at the location. In the wake of the COP 26 summit, the potential for Hydrogen to help beat the climate crisis has been given renewed focus. There’s expectation that this could be a rich seam.

A notable mention for Rambler Metals LON:RMM which also fared well today, with the stock adding more than 15% after a pre-market update. The company advised of steadily improving production and development results in recent months and also announced that it will be hosting an investor call on Wednesday.

ADM Energy LON:ADME was the day’s worst performer, sliding 16% in the wake of news that it had tapped the market for £475,000. The company only has a capitalisation of just over £2 million and the downside can arguably be accounted for by the dilution effect. With directors throwing a fair bit of cash behind the offer and picking up almost 40% of the new shares, investors do seem to still have confidence here even if shares have been trending lower for the last 12 months.

Final results from Gfinity LON:GFIN left the e-sports company languishing today, finding itself in off 11% in second to last place by the bell. The tone of the note was largely upbeat but investors were evidently in no mood to applaud, with shares retreating back to the September lows seen before that Coca Cola deal was announced. With the company in the midst of a turn-around plan, the question to ask is whether this sell off now represents a buying opportunity.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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