Despite the sticky US inflation print pointing towards a less dovish Fed in 2025, the AIM All Share managed to tease out some marginal gains on Wednesday, closing less than one point higher at 737.54.
- Sound Energy +50%
- Coro Energy +43%
- Zanaga Iron Ore +36%
- Blue Star Capital -22%
- SDX Energy -19%
Sound Energy LON:SOU was the biggest riser, up 50% after news this morning that the company had completed the sale of Moroccan assets for up to $45m. Full payment is contingent on a number of factors but achieving close to the full price could be transformative for the valuation.
Coro Energy LON:CORO was 43% higher with a significant uplift being seen on volumes traded for the day. There’s no news, the spread is wide and the gain barely moves the needle in terms of losses picked up of late.
Zanaga Iron Ore LON:ZIOC gets the notable mention, up 36%. That move coincides with an MoU being announced this morning with Arise Integrated Industrial Platforms for port development. Swift progression here could yield benefits for Zanaga investors.
Blue Star Capital LON:BLU is the biggest faller on the day, closing down 22%. This is however a thinly traded stock and there’s no news out to support today’s gains. The price did however advance off the back of news at the start of the month but with no progress here, have some investors developed cold feet?
SDX Energy LON:SDX was 19% lower, extending recent losses following Friday’s proposed delisting news. The company does intend to migrate to a matched bargain trading facility but losses since the announcement are now approaching 75%.
