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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Quantum Blockchain, United Oil & Gas, Mysale Group

In what was seen as a beneficial change in stance over Ukraine’s attempt to become a NATO member, markets especially in mainland Europe rallied hard today, putting gains in London somewhat in the shade. However the AIM Index still managed to advance close on 20 points by the bell, reaching 983.07.

  • Quantum Blockchain +48%
  • United Oil & Gas +26%
  • Mysale Group +26%
  • Gfinity -47%
  • Parsley Box -21%

Quantum Blockchain [LON:QBT] topped the board today, adding 48% and significantly outstripping the 10% uptick seen in bitcoin prices, although that does look to have been a key driver. Shares here have been under steady pressure for the last month, but today’s gains means that around two thirds of the losses have now been recouped.

United Oil and Gas [LON:UOG] also fared well, adding 26% by the bell. Volumes were above average, but a shortage of stock seems to be driving the spread here too. The company is valued at less than £20m which will also increase its potential for volatility, but with drill results expected soon and that agenda for independent energy production, this could be a source of more activity in the short term.

A notable mention for Mysale Group [LON:MYSL] which added 26% today in what looked like a relatively thinly traded session. The stock was being quoted on a spread of more than 15% by the close, although remains at very depressed levels following that trading update earlier in the year. Nothing to see here yet.

Gfinity [LON:GFIN] was the day’s worst performer in the wake of a trading update which the company published this morning. The video game developer reported a solid start to the year, but management advised that full year revenues are expected to come in below expectations. A slower resumption of live eSport events and a delay in a material partnership have both combined to set back likely performance and also resulted in the directors declaring that a fundraise will be necessary in the coming weeks. Shares closed off some 47%.

Parsley Box [LON:MEAL] was the second worst performer on the day. This stock has had a torrid time since its IPO, struggling to captivate investors and today was clearly no different. Shares in the £10m market cap company slumped 21%, closing on a 5% spread.

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This article is not investment advice. Investors should do their own research 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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