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Equity markets have had a rough day with renewed inflation fears prompting selling pressure across the board. The AIM index has been no exception either, with the market shedding almost 22 points by the bell to sit at 1235.97.

  • Kodal Minerals +34%
  • Invinity Energy +29%
  • Comptoir +19%
  • Agronomics -30%
  • Agriterra -18%

Kodal Minerals [LON:KOD] has topped the board for the third time in a week, up 34% at 4.30pm. The stock has appreciated by a total of 150% since the start of the month, with investors remaining upbeat over the prospects of that Lithium mine in Mali. This latest leg up may have been the result of an analyst presentation on the stock today, but clearly one to watch.

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Invinity Energy [LON:IES] reached the bell some 29% higher, following the release of some news ahead of the bell this morning. A subsidiary of the company has entered into a JV with a division of Siemens to develop a grid scale vanadium flow battery, which will see Invinity benefit from almost $5m of tech investment and comes with an option for Siemens to buy almost 10% of the company at £1.75 per share. They closed last night at £1.31, so there’s clearly a degree of confidence here.

Agronomics [LON:ANIC] slumped 30% today with news this morning that the company was seeking to raise some £50m from investors. That can largely be explained away by the dilution effect, although there’s some concern about the terms and the level of discount offered to those willing to put more money in. Is the deal too generous?

Bit of a curious one as the day’s second biggest casualty. Minnow Agriterra [LON:AGTA] (market cap is belw £1m) shed 18% although the stock trades on a proverbial mile-wide spread and volumes were as good as non-existent. Difficult to draw any conclusions here.

A notable mention for Comptoir Group [LON:COM] which had tacked on another 19% by the bell. That has pushed the stock back to levels not seen since the end of 2019 and with others in the leisure sector reporting the idea that pent-up demand is now materialising, this stock may be poised to impress further when full year results are published – and they should be released soon enough.

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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