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Small Cap Stocks: Quantum Blockchain, Arkle Resources, Chariot O&G

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London’s AIM All Share ticked higher on Thursday, adding just under three points but underperforming the main board. The index reached the bell standing at 741.04.

  • Quantum Blockchain +19%
  • Arkle Resources +18%
  • Chariot O&G -20%
  • Cambridge Cognition -16%
  • Coro Energy +17%

Quantum Blockchain LON:QBT topped the board, adding 19% after news this morning that it had appointed Jose Rios as a strategic adviser. As a former Blockchain boss at Intel, this is a high profile hire for the business and one that should add significant value.

Arkle Resources LON:ARK was up 18% following news that a project partner had begun a drilling campaign. Only a few trades were recorded however and heavy buying interest was in evidence, driving the spread out to 25%.

Chariot Oil & Gas LON:CHAR was 20% lower, extending losses from yesterday after the company issued an operational update from offshore drilling near Morocco. This appears to have left investors underwhelmed with shares down by more than 50% on the week.

Cambridge Cognition Holdings LON:COG was in second to last place, down 16% at the bell. The sudden resignation of the CEO has clearly startled some investors, especially given the midday timing of the regulatory filing. There’s no further detail here but markets are once again showing their distaste for uncertainty.

Coro Energy LON:CORO was 17% higher to take the notable mention. The company’s stock was relisted at the start of the week following a suspension and this hit the share price hard. Some gains have however ebbed back in today.

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Hargreaves Lansdown IG Interactive Brokers Interactive Investor Charles Stanley
IG Interactive Brokers Charles Stanley

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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