The AIM Index managed to grind out further gains through Thursday’s session, adding almost five points to close at 964.6. That’s edging ever closer to the pre-COVID high for the year of 978.05
- Orosur up 55%
- Alien Metals up 18%
- Bahamas Petroleum down 21%
- Bonhill Group down 19%
- Synairgen up 9%
Orosur [LON:OMI] found itself at the top of the board again today, tacking a further 55% onto Wednesday’s uptick of 88%. It’s been another hectic day of trade, with almost 25 million shares having been traded. Yesterday’s update over the Colombia venture continues to inspire confidence.
Alien Metals [LON: UFO] was the second biggest gainer, up by a rather more modest 18%. On Thursday morning, the company announced that it was to set to acquire a highly prospective license in Western Australia, the news of which was clearly sufficient to drive support, although the stock remains some way below its highs from the start of last month.
At the other end of the board, Bahamas Petroleum [LON:BPC] slid 21% although at least some of that decline can be explained away by this morning’s £9.5m placing. Shares are still above the summer lows, but the optimism that came off the back of a prospective drilling update jless than a week ago has already evaporated.
Bonhill Group [LON:BONH] fell 19%, although this can be attributed to one comparatively large sell order – and no one being on the other side of the trade. The £6m market cap stock is trading on an 8% spread.
Notable mention for Synairgen [LON:SNG], whose stock failed to find support off the back of interim results earlier in the week. Today however the price was bid higher – there may be no official news here, but given the potential of the company’s COVID therapy, the steady decline in the share price over the last six weeks remains at risk of looking overdone.