We may have seen some modest gains to start the week, but the AIM Index reversed those – and a bit more – on Tuesday to finish the session almost three points down at 730.75.
- Oracle Power +158%
- Quadrise +57%
- Enwell Energy +46%
- i-nexus Global -52%
- Sancus Lending -33%
Oracle Power LON:ORCP had a bumper session, having advanced 158% higher by just before the bell. News of assay results from a project in Australia were published this morning with management noting that the data continues to indicate significant gold deposits in the region. The move reverses the price impact of the modest fund raise two weeks ago.
- Small Cap Stocks: Rockfire Resources, Fusion Antibodies, Oracle Power
- Small Cap Stocks: Oracle Power, Surface Transforms, Goldstone Resources
Quadrise [LON:QED] also had another good day, up 57% off a second partnership announcement for the week again being well received by the market. This relates to the production of sustainable marine fuel which will be trialled by shipping operator MSC and brokered by Cargill. Subject to the trial being successful, a long term agreement between the parties will be struck.
Enwell Energy LON:ENW was 46% higher following a mid-session release from the company that the licenses it reported as being suspended last week had now been reinstated. It’s worth noting however that this is simply an interim measure whilst legal proceedings continue.
i-nexus Global LON:INX was the biggest faller, off 52% on the day. The company announced its intention to delist from AIM, with a general meeting convened for 13th December.
Sancus Lending LON:LEND was in second to last place off 33% on the day. There’s no news and the move is within the spread that’s being quoted at the close with only lumpy trade being seen. The trading update from early last month eyeing a route to profitability appears to be offering little traction.
