London’s AIM All Share found a little support during Wednesday’s session, advancing by just over one point to reach the bell at 731.96.
- Premier African +57%
- Global Petroleum +53%
- Mkango Resources +18%
- Helix Exploration -36%
- Botswana Diamonds -22%
Premier African LON:PREM was topping the board on Wednesday, trading 57% higher at the bell. There’s no news out, but volumes have been significantly elevated.
- Premier African Minerals: light at the end of the tunnel?
- Premier African Minerals: Is it a story of hype or hope?
Global Petroleum LON:GBP was in second place, having made some modest gains this morning before jumping higher off the back of project updates which were released late in the session. This includes word that a farm-out agreement for the Namibia project is progressing well and should be in place by the year-end.
- Small Cap Stocks: Energypathways, Global Petroleum, RBG
- Small Cap Stocks: Creo Medical, Nostra Terra, Proton Motor Power
Mkango Resources [LON:MKA] advanced 18% with news of the appointment of a specialist financial adviser in the USA. The company’s rare earths projects have the potential to be highly investable if the right parties can be found.
Helix Exploration [LON:HEX] was the biggest faller, off 36%. The company provided an update on its helium drilling projects and the results were not as had been hoped for at the first well. Despite some optimism regarding adjacent drill sites, the market has been quick to mark down the stock.
- Helix Exploration to bring in new drill for Ingomar Dome
- Helix Exploration: Is rig delay an opportunity to get into this helium success story?
Botswana Diamonds LON:BOD was 22% lower at the bell, with the stock sliding despite this morning’s news that the company had received environmental authorisations for two drill targets. The move however appears to be within the spread quoted at the close.
