After the more positive start to the week, the AIM All Share has lost a little ground on Thursday with last night’s FOMC call of one rate cut this year doing little to buoy sentiment. By 3pm the index sat more than three points lower at 783.69.
- Kibo Energy +95%
- Kropz +61%
- R&Q Insurance -82%
- Inspirit Energy -25%
- Trident Royalties +20%
Kibo Energy LON:KIBO was topping the board at copy time, up a hefty 95%. This morning the company reported on a business update from a subsidiary Mast Energy Developments including a series of contract wins.
- AIM Market Roundup: Craven House, Deltex Medical, MicroSalt
- Small Cap Stocks: Mirriad, Inspirit Energy, Rosslyn Data
- Small Cap Stocks: Gunsynd, Chariot, Inspirit Energy
Kropz LON:KRPZ is back on the list again, up a further 61%. This is typically a relatively thinly traded stock but elevated levels of interest have been seen all week – despite management issuing a speeding ticket to advise there’s nothing to see here.
R&Q Insurance LON:RQIH was off 82% by 3pm in yet another big leg down for the stock. It’s lost 97% since the start of the year and this morning’s move came off the back of a further update on the sale of Accredited, along with warnings that the company is running out of cash.
Inspirit Energy LON:INSP was down 25% on the day, reversing yesterday’s meaningful gains which came off the back of very heavy volumes. There is however no news here and with just 27 orders on the £600k company having been booked by 3pm, there’s not a lot to say here.
Trident Royalties LON:TRR gets the notable mention, up 20% at copy time. That’s off the back of a recommended cash offer having been published this morning. The offer for 49p against the current price of 48p doesn’t leave much in the tank.
