*
skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

The AIM index pushed higher at Monday’s opening bell then ground out further steady gains through the session, closing up 11 points at 957.94

  • Vela Technologies +85%
  • Chariot Oil & Gas +54%
  • Xtract Resources -28%
  • Diaceutics -25%

Vela Technologies [LON:VELA] took the crown of biggest riser on the day, with the valuation as much as doubling at one point before settling up 85%. The trading has been exceptionally intense with data suggesting the equivalent of almost half the issued shares changed hands during the session. One to watch?

Chariot Oil & Gas [Lon:CHAR] roared higher off the back of an RNS announcing a significant upgrade on resource potential in Morocco. There’s a briefing being held by management at midday on Tuesday.

Xtract Resources [LON:XTR] was the day’s biggest faller, off 28% but with little to support the news.

Diaceutics [LON:DXRX] slumped during Monday’s session, closing down 25% as investors digested the half year report. Despite managing to scrape a profit, the company is concerned about its full year performance with client spend delayed because of COVID-19.


The notable mention goes to Kodal Minerals [LON:KOD] which is becoming a regular fixture in the column. An RNS this morning was efficient in its coverage of multiple points but saw management reiterate caution over last week’s gains which emerged off the back of that MoU with a Chinese partner. Shares closed down 21% – but still well up from a week ago.

Related

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.

Comments

Back To Top