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London’s AIM Index has once again spent the day trading essentially sideways. Although there was something of a drag as US markets returned from the long weekend break, losses have been minimal compared to the main board with the junior market reaching the bell just under two and a half points offside at 1262.87.

  • Orosur Mining +84%
  • Zoltav Resources +14%
  • Kropz -18%
  • Avacta Group -13%
  • John Lewis of Hungerford -12%

Orosur Mining [LON:OMI] shot to the top of the board today, adding 84% off the back of a set of drilling results which the CEO heralded as being spectacular, providing confidence that this site on Columbia has the potential to be a major gold system. Further assays are expected in due course but even with today’s spectacular gains, the share price remains below the highs we saw tested both last October and back in February.

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Zoltav Resources [LON:ZOL] continued its march higher today, finding itself up 14% in second place on the leader board by the bell. Shares have been finding favour for the last week, and now sit around 50% up from levels seen after the release of some well received annual results last Tuesday, although transactions were notably lumpy and there’s a 7% spread to contend with here, too.

A notable mention for John Lewis of Hungerford [LON:JLH] which saw some of yesterday’s stellar gains fade during the session, sitting almost 12% down by the bell. There’s still no news to substantiate what may have happened here, but the idea that this was mistaken as a sizable retailer of the same name remains within the bounds of possibility.

Kropz [LON:KRPZ] is set to be the worst performer of the day, although limited trade and a 25% spread need to be taken into account when looking at the reported 18% decline. With no firm news it seems as if there’s little to see here.

Avacta Group [LON:AVCT] is also languishing, sitting some 13% lower at the bell. Shares surged off the back of the COVID pandemic with a number of testing protocols driving the stock from 22p in March 2020 to highs of 291p earlier this year, but with expected deals failing to materialise and the next step of the UK’s route from lockdown now very much agreed, support is waning.

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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