skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » UK Shares » AIM Risers and Fallers » AIM round-up: Keras Resources, Ncondezi Energy, 88 Energy

After yesterday’s shuffle higher, the AIM Index has returned to its sideways movement, reaching the closing bell on Wednesday just over one point lower at 1045.26.

  • Keras Resources +150%
  • Ncondezi Energy +52%
  • 88 Energy +32%
  • Eurasia Mining -19%
  • Trafalgar Property -16%

Keras Resources [LON:KRS] posted an impressive double bagger today, following the release of news that it had acquired a 100% interest in a Diamond mine in Utah. The update resulted in exceptionally high volumes of trades being placed, driving the stock up 150%, back to levels not seen since the the first half of 2021.

Ncondezi Energy [LON:NCCL] is no stranger to this list but today it posted the second highest set of gains, adding 52% by the bell. Shares have been extending those gains off the back of yesterday’s working capital update. That said, the stock continues to trade on a somewhat exaggerated spread in modest volumes – this is far from being a sea change in sentiment.

A notable mention for 88 Energy [LON:88E], which added 32% on the day. After the mauling the stock took yesterday, there did seem to be the chance that the losses would look overdone, although with the closing spread not far off 20%, the big winners here may well be the intermediaries. There’s more news on Merlin 2 due plus other projects – this remains one worth watching.

Eurasia Mining [LON:EUA] found itself at the foot of the board, off almost 19% by the bell. The stock found some support yesterday off the back of hopes that a peace accord between Russia and Ukraine may be forthcoming, but with that idea diminishing, opportunists are likely booking profits where they can.

Trafalgar Property [LON:TRAF] was also in focus, down 16% on the day. However this is an absolute minnow of a stock with a sub £1m valuation and closed on a very wide spread. With no news here and just a handful of trades being reported, there’s little worth of note – at least for now.

Related

This article is not investment advice. Investors should do their own research 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.

Stocks in Focus

Here are some of the smaller companies we follow most closely. They represent significant growth stories in our view. Our in-depth reports detail why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top