London’s AIM Index has spent Tuesday’s session essentially flat, with the very modest gains picked up in the first half of the day being wiped off, reaching the bell just over half a point lower at 1248.97.
- Norman Broadbent +39%
- Eenergy Group +23%
- Online Blockchain +14%
- Chariot Oil & Gas -24%
- Tiger Royalties -23%
The biggest riser by 4.30pm was Norman Broadbent LON:NBB, with the £5m market cap recruiter seeing its share price respond to yesterday’s upbeat update as it added 39%. The results were only picked up today but the general theme here has the potential to see the company make some solid gains in the coming weeks.
Eenergy Group [LON:EEAS] added 23% although there’s no fresh news out. The company has now reversed the losses it has accrued over the last two weeks, but it’s worth noting that trade today has been lumpy and the closing spread was close on 10%.
A notable mention for Online Blockchain LON:OBC which reached the bell some 14% ahead. This morning the company announced the opening of an office in Gibraltar, a territory which has been positioning itself as something of a crypto hub in recent years and a move the company sees as being a great catalyst.
Chariot Oil & Gas LON:CHAR was the day’s biggest casualty, sitting some 24% lower at 4.30pm. The stock was responding to a discounted placing which completed overnight, but with finds earmarked for a specific drill project, this could well be sufficient to take the edge off the dilution effect.
Tiger Royalties LON:TIR also struggled, slipping 23% by the bell and evidently losing further ground in the auction. Full year results released this morning touched on a revised NAV for the company following the issuance of new shares earlier in the year. This move lower reflects that reality.
