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London’s AIM index slipped further from that key 1,000 level during Tuesday’s trade, closing almost 4 points down at 989.47

  • Orosur Mining up 33%
  • Ncondezi Energy up 21%
  • Rambler Metals Mining down 18%
  • Solo Oil down 17%
  • Notable mention Synairgen, down 9%

There were no major outliers in Tuesday’s trade, but Orosur Mining [LON:OMI] topped the board, bolstering Monday’s update-driven gains and adding a further 33%. At the start of the week the miner advised the market that funding had been secured to proceed with exploration in Colombia and even though this faces delays owing to COVID-19, investors remain confident.

Ncondezi Energy [LON:NCCL] makes it onto the list again following news that a major shareholder has joined the board as a NED. This arguably provides fantastic oversight for other investors and has bolstered confidence as a result.

At the other end of the board, Rambler Metals & Mining [LON:RMIM] has found itself squeezed in a day of relatively heavy trading. This stock is being priced on a 33% spread however and few buyers seem to have been in play, leaving shares to close 18% lower.

Solo Oil [LON:SOLO] floundered too, although following yesterday’s stratospheric triple digit gains, a 17% reversion needs to be taken in context. Profit taking and consolidation likely played a role here.

A notable mention for Synairgen [LON:SNG], which lost 9% after a good performance on Monday. Again no specific news here and given further issues with COVID vaccine trials, the move may seem counterintuitive.

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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