London’s AIM All Share Index may have found some very modest gains shortly after the open but these proved unsustainable, leaving the market to trade out the session in a tight channel and finish slightly lower, off by less than a point at 772.2.
- Empyrean Energy +36%
- tinybuild +20%
- Belluscura +10%
- Beacon Energy -65%
- Bushveld Minerals -50%
Empyrean Energy LON:EME was leading the pack on Monday, up 36% on the day. That comes off the back of a gas sale announcement in conjunction with JV partners.
tinybuild LON:TBLD was 20% higher on the day following a trading update. That noted sales ahead of expectations but volumes were limited and the spread accounted for most of the uptick.
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A notable mention for Belluscura LON:BELL which was 10% higher on the day after the company issued a note this morning regarding positive investment news. Again however volumes were limited and the uptick is well within the spread being quoted at the close.
Beacon Energy [LON:BCE] was 65% lower after the company published an operational update, noting that production at a site in the Erfelden field was significantly lower than had been expected. That has presented material uncertainty meaning the company is unlikely to be able to finalise accounts by the weekend reporting deadline. Expectations are that shares will have to be suspended from 1st July.
Bushveld Minerals LON:BMN traded 50% lower on the day. The company issued a funding update mid-session, noting that if cash can’t be realised within 2 days then a controlled wind down of production will have to follow.
