The AIM index may have been threatening a test of fresh highs for the year, but a darkening global economic outlook was sufficient to see a 29 point slump, leaving the junior market all-share closing Monday at 944.61
- Prospex Energy up 25%
- Scancell Holdings up 17%
- Nakama Group down 20%
- Alba Mineral Resources down 19%
- Notable mention: City Pub Group down 13%
Nakama Group [LON:NAK] ended up at the bottom of the pile on Monday after a lacking trading update was published, along with a line stating that a three month extension to the filing deadline for full year accounts – which was expected next week – had been requested. Unsurprisingly, despite the upbeat outlook, this combination didn’t go down well with investors.
Alba Mineral Resources [LON:ALBA] slumped in the wake of a share placing. Although the move can’t be explained away by the dilution effect on the new equity, each investor was also granted warrants, so adding this in starts to justify the slump.
Prospex Energy [LON:PXEN] was the biggest riser, adding 25% during the day. Chat suggests a broker may be making bullish calls over the stock, although with a low market cap and limited liquidity, this could well end up being skewed.
Scancell Holdings [LON:SCLP] rose 17%. This may be part of a halo effect after AstraZeneca released a lot of positive news over its cancer drugs at the open, whilst the company continues to progress with its Covidity therapy where hopes are high, too.
Unsurprising perhaps as a second lockdown appears to loom, that the City Pub Group [LON:CPC] saw its shares slide during the session. Closing at just over 57p, shares are now risking a return to the 45p seen in late March, well below the high of just under 200p reached at the start of the year.