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Small Cap Stocks: Inspirit Energy, EQTEC, Clontarf Energy


London’s AIM All-Share index rinsed out some modest gains on Thursday in an unremarkable session, closing just over one point higher at 805.23.

  • Inspirit Energy +47%
  • EQTEC +36%
  • Kore Potash +14%
  • Clontarf Energy -22%
  • Faron Pharmaceuticals -19%

Inspirit Energy LON:INSP topped the board, up 47% on the day. Other than the successful passing of all resolutions at today’s AGM there’s no additional news in play, but previous statements have hinted that key developments will be seen by the end of Q2.

EQTEC LON:EQT also fared well, up 36% on the day. The company announced a successful refinancing deal this morning, the terms of which have evidently been well received. Will this be a turning point for the company’s fortunes?

Clontarf Energy LON:CLON was left to prop up the index today, down some 22%. That’s off the back of a discounted placing, with the new stock getting away at 0.035p per share, although the closing mid-price was fractionally below that at 0.033p.

Faron Pharmaceuticals LON:FARN was 19% lower on the day. No news out but significantly elevated volumes were reported on the £140m company. The move comes despite positive test results data at the start of the week.

A notable mention for Kore Potash LON:KP2 which added 14% on the day. Again the only news here related to a price and volume enquiry from the Australian exchange following abnormal levels of interest in the stock. Commercial talks with partners are ongoing, but no update has been announced.

I’m taking a slightly extended bank holiday weekend so there will be no report on Tuesday, but I’ll be back on Wednesday. Regardless of whether you’re at home or away this weekend, I hope you have a great time.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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