London’s AIM All Share may have found some cheer heading into the weekend break, but support has proved fleeting with at least some of those gains being given back. By 4pm, the index sat almost two points lower at 743.48.
- Synectics +16%
- GCM Resources +15%
- Chariot -57%
- Rockfire Resources -30%
- Neometals +13%
Synectics LON:SNX had added 16% by out 4pm copy time today. That follows the publication of a trading update this morning which included the key news that full year pre-tax profits are now tipped to come in above expectations thanks to contract wins and overall good momentum. The focus now is on strengthening the already healthy order book for FY25.
GCM Resources LON:GCM was in second place, up 15%. There’s no news out but activity in the stock has been elevated and buying demand very much in evidence. Is there something incoming?
Chariot Oil & Gas LON:CHAR was the biggest faller, off by 57%. The company this morning announced the conclusion of a drilling programme where the results fell short of expectations.
Rockfire Resources LON:ROCK slipped 30% on the day following placing news where money was raised at a 33% discount. The fact thar shares haven’t fallen quite that far is arguably to be applauded as a vote of confidence in the underlying business.
Neometals [LON:NMT] gets the notable mention, up 13%. There’s news that a majority owned subsidiary has received EU funding and revised valuations here may be lending support.
