The AIM All Share index found some support during Wednesday’s trade but despite employment stats from the US being supportive of a more dovish stance at the Fed, a reversion kicked in as Wall Street came online. At 4.30pm the index was trading at 799.71, one and a half points on the day.
- Tasty +70%
- Insig AI +45%
- Pantheon Resources +27%
- Jersey Oil & Gas -19%
- Eurasia Mining -14%
Tasty LON:TAST was the best performer, extending yesterday’s gains off the back of news that the company had been successful in arranging a restructuring plan. Today’s 70% gains added to what has already been seen mean the stock is trading more than 100% up on the week.
Insig AI LON:INSG was 45% higher at the bell. That follows news of a new investor backing the company with equity sold at just a 2% discount to last night’s closing price, with money used for sales, marketing and working capital purposes.
- Small Cap Stocks: Aquis, Gfinity, Team Internet
- Three Quick Facts: Tasty, STM, SEEEN
- Small Cap Stocks: Indus Gas, Futura Medical, Jersey Oil & Gas
Jersey Oil and Gas LON:JOG was the biggest faller, off 19%. This morning’s pre-AGM statement rocked sentiment with investors taking a glass half empty view of caution coming off the back of lack of fiscal clarity as the country navigates its way through the general election.
Eurasia Mining LON:EUA also struggled, down 14% on the day, although in the context of yesterday’s bumper gains, that’s a pretty limited adjustment lower. Investor hopes that an announcement would be made have come to nothing, but it has been another day of significantly elevated volumes.
Pantheon Resources LON:PANR gets the notable mention, up 27% following this morning’s announcement that the company had signed a gas sale agreement with a subsidiary of the Alaska Gasline Development Corp.
