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Small Cap Stocks: Keras Resources, Clontarf Energy, Jaywing

Small Cap Stocks: Keras Resources, Clontarf Energy, Jaywing

The AIM market had a reasonable start to the day, but better than expected productivity data from the US appears to have hit sentiment, possibly damping Fed rate cut hopes. The All Share was approaching the close almost four points lower at 783.11.

  • Keras Resources +43%
  • Clontarf Energy +21%
  • Touchstone Exploration +11%
  • Jaywing -37%
  • Chaarat Gold -24%

Keras Gold LON:KRS was the biggest riser, up 43% following news that commercial production had started at its integrated processing facility in Utah. Shares are trading at fresh highs for the year.

Clontarf Energy LON:CLON was in second place, up 21%. There’s no news here and volumes were far from remarkable but the gains have helped the stock recover losses of the last week.

Jaywing LON:JWNG was the biggest faller, shedding 37% after yesterday’s significant and unexplained gains. Management issued a note stating they had no knowledge why the stock had reacted in that way.

Chaarat Gold LON:CGH also slipped, down 24% on the day. The company is currently in the process of delisting and moving to a private venue which will typically see volumes thin out and erratic share price movements develop.

Touchstone Exploration [LON:TXP] gets the notable mention, up 11% following an operational update. This appeared to refresh interest in the stock with volumes coming in at the higher end of the recently printed range.

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

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