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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Lekoil, Eurasia Mining, Braveheart Investment Group

London’s AIM index broke above the 1,300 level for the first time in over 20 years today, reaching the bell some 10 points higher at 1303.7

  • Lekoil +36%
  • Eurasia Mining +26%
  • IDE Group -18%
  • Arcontech Group -16%
  • Braveheart Investment Group +12%

Lekoil [LON:LEK] shares jumped higher on Wednesday after a regulatory filing showed a previously “difficult” investor had disposed of its 15% stake in the company. That disposal is likely to have been dragging on the share price, whilst the news also offers a more optimistic outlook for investors. Shares jumped 36% by the bell.

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Eurasia Mining [LON:EUA] also fared well, adding 26% by the close. Yesterday’s gains were extended with a progress update from the company this morning being well received by investors. The share price has been floundering over the last month but this rally starts to make good on the US cap raise from earlier in the year.

IDE Group [LON:IDE] found itself at the foot of the board today, off some 18%. This is a £3m market cap company which saw some elevated levels of trading going through today. No formal news out but one to watch.

Arcontech Group [LON:ARC] was the day’s second worst faller, off 16% at the bell. Full year results were published today and although profits came in flat as expected, the tone from the CEO was rather downbeat. He flagged uncertainty as to the speed of any recovery and anticipated another at best flat profit for the year ahead. Any pickup is unlikely to be realised before 2023.

A notable mention for Braveheart Investment Group [LON:BRH], whose shares added a further 12% today. That takes two day gains to more than 40%, with the stock having now reversed most of its summer losses. Trading was again brisk but there’s still no news out from portfolio companies, although with the promised update from Paraytec having only been earmarked for September, are these gains coming through too quickly?

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.

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