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The AIM index managed a brief spell in positive territory during Tuesday’s session, but the trend was once again negative, as has been the case with markets worldwide. The index closed almost four points lower at 972.77

  • Metals Exploration up 72%
  • Remote Monitored Systems up 33%
  • Jaywing up 26%
  • Tlou Energy down 19%
  • St James House down 18%

Metals Exploration [LON:MTL] found itself at the top of the board for a second successive day, adding 72% as investors continued to cheer the resumption of trading in the stock. Again there’s no hard news out but with interim results due imminently expectations are clearly high.


Remote Monitored Systems [LON:RMS], topped off Monday’s 148% gain by close on doubling again in early trade before a note from the company poured cold water on the rally. A statement highlighted that there was no known reason behind the move higher, initiating a swift reversion but one that still left the stock up 33% on the day. Regardless, it seems clear that some investors have a high level of confidence that the antiviral technologies the company is developing could prove to be lucrative.

TLOU Energy {LON:TLOU] found itself under pressure as investors digested news released ahead of the opening bell. This included a note that a further $30m was required to develop the Lesedi power project, suggesting further cash calls or dilution to external investors may be seen.

St James House [LON:SJH] also found itself under pressure on Tuesday, sliding 18% after the company announced it would miss the filing deadline for accounts. Staff shortages from the COVID pandemic and difficulties in ascertaining fair values of certain assets are behind the delay. This will lead to shares being suspended from Monday November 2nd although the company expects trade to resume later in the month.

A notable mention for Jaywing Plc [LON:JWNG] after adding 26%. There’s no official news here but free float is under 50%, it has a £3m market cap and is being quoted on an 11% spread. Might be difficult to read too much into this move.

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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