Despite some notable declines in the first few minutes of trade, the AIM All Share was quick to recover and spent the bulk of the session trading close to Monday afternoon’s closing price. By 4.30pm Tuesday the index was a mere 0.02% lower at 777.16.
- Argo Group +50%
- Kazera Global +33%
- Crism Therapeutics +30%
- Jersey Oil & Gas -20%
- UK Oil & Gas -19%
Argo Group LON:ARGO topped the board adding 50% on Tuesday. That follows news of a private placement worth £6.5m with a private investor. The jump in share price reflects the premium offered and also the fact proceeds will be used to pay down debt.
The Kazera Global LON:KZG share price was 33% higher after an operational and corporate update was released mid-session. This included news of two new production processes which are now underway after a challenging period and the likely appointment of a non-exec chairman.
- Small Cap Stocks: Artemis Resources, Distil, Accesso Technology
- SmallCap Stocks: Trafalgar properties, GCM Resources, Kazera Global
Jersey Oil and Gas LON:JOG was the biggest faller, off 20% after relaying how an update on the energy profits levy would impact the business, including the removal of the main investment allowance from 1st November. A fuller assessment will follow after the budget due at the end of October.
- Small Cap Stocks: Indus Gas, Futura Medical, Jersey Oil & Gas
- Small Cap Stocks: IXICO, Jersey Oil & Gas, Distil
UK Oil & Gas LON:UKOG was 19% lower although after yesterday’s bumper gains, a degree of reversion was probably inevitable. Volumes remained elevated, but not as high as levels posted in recent days.
- UK Stock Market News: Standard Chartered, Poolbeg Pharma, UK Oil & Gas
- Small Cap Stocks: Eco Buildings, IXICO, Electric Guitar
Crism Therapeutics [LON:CRTX] gets the notable mention, up 30% after signing a services agreement with a UK biotech company. The deal – worth £230k – will see £105k paid on signing with a further two staged payments due by the end of 2025.
