It’s been a turbulent – albeit positive – session for the AIM All Share on Tuesday and at our earlier than usual copy time of 2pm the index was up just over one point at 744.75.
- Chariot Oil & Gas +40%
- Sancus Lending +33%
- MediaZest +20%
- Jade Road Investments -28%
- Tungsten West -15%
Chariot Oil & Gas LON:CHAR was topping the board at copy time on Tuesday, up by 40%. The company saw some heavy selling on Monday following a drilling program update so today’s gains appear to be nothing more than bargain hunting. The share price remains significantly down on the week.
- Three Quick Facts: Clean Power Hydrogen, MicroSalt, Chariot O&G
- Small Cap Stocks: Synectics, GCM, Chariot O&G
Sancus Lending LON:LEND was in second place, up 33%. That comes after the company issued interim results which highlighted growing optimism over the outlook as well as the fact H1 revenues advanced by 40% despite the challenging macroeconomic environment.
- Small Cap Stocks: Renalytix, Sancus, Crimson Tide
- Small Cap Stocks: Mindflair, Conroy Gold, Goldstone
Jade Road Investments LON:JADE was the biggest faller, off 28%. However there’s no news here and it seems as if a lack of liquidity is bolstering the spread which printed 60% at the close.
Tungsten West LON:TUN also struggled, down 15% at copy time. Again there’s no new sout but today’s losses do erode most of premium generated by news of the new CEO’s arrival which was published a month ago.
- Small Cap Stocks: musicMagpie, Emmerson, Arkle Resources
- Small Cap Stocks: UK Oil & Gas, Renalytix, Nostra Terra
MediaZest LON:MDZ gets the notable mention with a trading update providing some impetus here. Sales over the last two months to existing clients have been stronger expected and this is feeding into optimism that full year targets can be met, with hopes that profitability can return, too.
