London’s AIM all share index is finding some support after what can be fairly described as a rather miserable start to June, adding around five points by 3pm to sit at 786.38.
- Kropz +54%
- Clontarf Energy +37%
- Landore Resources +30%
- Cloudified -50%
- Destiny Pharma -33%
Kropz LON:KRPZ had another barnstorming session, adding 54%. The share surged on Monday, slumped on Tuesday and is once again ascending, although the company remains adamant from Monday’s statement that there’s no news behind the move.
Clontarf Energy LON:CLON added 37% at copy time, with the company seemingly continuing to bask in Monday’s results announcements. Share have close on trebled in value since the start of the week.
- Small Cap Stocks: UK Oil & Gas, Jaywing, Orcadian Energy, Hermes Pacific
- Small Cap Stocks: UK Oil & Gas, Destiny Pharma, Tower Resources
- Small Cap Stocks: Keras Resources, Clontarf Energy, Jaywing
Cloudified [LON:CHL] is the biggest faller at the time of writing. The company is currently trading as a cash shell and has declared that it has been unable to complete an acquisition so shares will be suspended tomorrow morning. The company had £425k cash at the end of last month and sees costs of £23k a month.
Destiny Pharma LON:DEST was also down on the day, off some 33% at copy time in the wake of today’s AGM with accompanying notes suggesting that a funding round needs to be undertaken. At least some investors have been quick to hit the sell button here.
Landore Resources LON:LND gets the notable mention, up 30% by 3pm. That’s off the back of investment news which management see as being potentially transformative with proceeds being used to fund a drilling program in Ontario, Canada.
