London’s AIM Index managed to break its losing streak today, adding almost seven points by the bell to close at 1206.97. The move was supported by falling gas prices, although mounting expectations of a rate hike could mean any respite is short lived.
- Greatland Gold +25%
- Kefi Gold & Copper +21%
- Simec Atlantic -38%
- Block Energy -28%
- ValiRx +15%
Greatland Gold [LON:GGP] found itself at the top of the board today, up 25% at the bell in the wake of this morning’s notice of pre-feasibility study results. There’s nothing more to go on here, other than the fact details will be released next Tuesday, but this has certainly spiked interest in the stock in a busy day of trade.
Kefi Gold & Copper [LON:KEFI] also fared well, adding 21% by 4.30pm. Shares in the company slumped at the end of last month after an unexpected delay was announced to allow security concerns to be addressed. Whilst this was seen as being recoverable, news that the company will be presenting to investors this evening seems to have been the trigger for a round of buying support.
Simec Atlantic [LON:SAE] slumped again today, shedding a further 38% on the back of news that it was struggling to convert an application process in South Wales. The Welsh government has taken over the decision making process which means further delays are to be expected – something that pushed the share price down to all time lows.
Block Energy [LON:BLOE] also struggled, down 28% off the back of this morning’s operational update. Evidently this left some investors underwhelmed, although buyers have also been out in force, suggesting it’s more a case of the news falling short of expectations, driving shares towards those all-time lows for April 2020.
A notable mention for ValiRx [LON:VAL] which tacked on 15%. The share has seen active trading in recent weeks with some evidently seeing long term value in the stock which will at some point come good on a portfolio investment.