It’s been a very subdued day for the AIM Index, with the junior market finishing around a quarter of a point lower at 1279.52.
- MyHealthChecked +32%
- Pantheon Resources +21%
- Helium One Global -35%
- Ncondezi Energy -24%
- Oilex -12%
MyHealthChecked LON:MHC has found itself at the top of the board today, adding some 32% by the bell. There’s no firm news out, but the company is evidently selling more at-home PCR test kits through UK high street pharmacies and that could well explain the move. With rogue operators being rooted out of this market, the endorsement of well known names could prove beneficial.
Pantheon Resources LON:PANR also had a good day, adding 21% in the wake of a corporate update this morning. This was largely flagging a webinar which was scheduled to take place late in the session, but investors were evidently impressed by the details in the note, despite the caveat that either a farm out partner or fresh funding would be necessary for 2022 operations.
Helium One Global LON:HE1 was the day’s biggest faller, shedding another 35% by the bell. The stock has taken a battering this month with investors repeatedly underwhelmed by drilling updates. It’s always difficult if you’re looking at catching a falling knife but given the tight spread being quoted, could brighter days lie ahead?
Ncondezi Energy LON:NCCL is also back on our radar, finishing second to last with the shares off 24% today. The company announced the completion of a discounted placing this morning so the share price is adjusting for that, but with the stock now down 75% from the start of the year, 2021 has been a rough ride.
A notable mention for Oilex [LON:OEX] which we flagged as one of the biggest gainers yesterday. The share price reversed some 12% during Thursday’s session, with yesterday’s speculative gains failing to stick. There may have been some expectation of a news update coming, but today’s RNS was nothing more than a new company secretary being appointed.
