The AIM Index is has seen gains in excess of 10% for the month of November and the last trading day has proved no exception here, either. Shares on the junior market have made steady progress since the open, finishing up just over 12 points higher at 1051.12
- Remote Monitored Systems up 34%
- Tremor International up 32%
- Lansdowne Oil & Gas down 44%
- Tri-Star Resources down 21%
- Orosur Mining down 18%
Remote Monitored Systems [LON:RMS] surged back to the top of the board on Monday with the share price lurching 34% higher, Trading volumes were unremarkable and news in the weekend press that the Chairman had sold a significant chunk ahead of production delay news seems to have caused no issue, either. There’s no formal news out either, but as we have said before, the concept of antiviral materials extends well beyond COVID.
Tremor International [LON:TRMR] also fared well on Monday, adding 32% off the back of a well-received trading statement. The company offers video advertising technologies and following a solid performance in the second half, now expects trading to be well ahead of the previously outlined range. With a £400m market cap, this is far from being a minnow, either.
Lansdowne Oil & Gas [LON:LOGP] fell sharply into the close tonight, with shares finishing some 44% lower. News of a farm-out agreement being signed appears to have left some investors reeling over the conditions and proposed timeline although the share price is now just back to where it was at the end of last week before news emerged that this deal may be on the cards.
Providence Resources [LON:PVR] also slipped today, falling 35% by the close. They own EXOLA, another partner in the farm-out deal which we mention above and again today’s move largely just reverses the gains seen at the end of last week off the media speculation.
A notable mention for Orosur Mining [LON:OSI], whose shares fell 18% today. That can arguably be explained away by a fairly heavily discounted placing of £4m worth of shares, with the market showing little support just yet for confirmation that drilling is progressing well in Colombia.