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  • Rockhopper Exploration up 31%
  • Rockfire Resources up 29%
  • Wishbone Gold up 2%
  • Prophotonix down 19%
  • Attis Oil & Gas down 16%

Shares in Rockhopper Exploration [LON:RKH] surged during Tuesday’s session off the back of exceptionally high volumes. Upside here appears to have come off the back of read-across from fresh backing for JV partner Premier Oil.

News of a gold strike saw shares in Rockfire Resources [LON:ROCK] march higher on Tuesday, although the stock remains depressed after a run lower during the summer months. Given recent selling pressures, it would seem that further news on this discovery has the potential to deliver fresh upside for the company.

Prophotonix [LON:PPIX] shed some of Monday’s gains to become the day’s biggest faller, with another day of brisk trade as at least investors seemed to be keen to book profits. Again however there’s probably not too much to read into this, as the stock was trading on a close on 10% spread at the close.

Minnow Attis Oil & Gas [LON:AOGL] was another big casualty on Tuesday, sliding off the back of heavy trading which was weighted towards selling. The stock however was sitting on a hulking wide spread of 16%, sufficient to explain away the losses.

A notable mention for Wishbone Gold [LON:WSBN], which was able to consolidate Monday’s gains after another day of heavy trading in the stock. However this comes with one of the usual caveats over the wide spread. There appears to be support here but will be one to watch when it comes to sustaining the upside.

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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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