The AIM All Share managed to trade close to break even for the bulk of the day but escalated military activity by mid-afternoon with expectations of an Iranian attack on Israel have spooked markets. London’s junior index had slipped almost three points by the close to finish at 737.64.
- Tavistock Investments +44%
- Capital Metals +29%
- Anglo Asian Mining +9%
- Trafalgar Property -33%
- Tower Resources -29%
Tavistock Investments LON:TAVI topped the board on Tuesday, adding 44% in the wake of disposal news that could yield the company as much as £37m. Despite there being no promise of a windfall for shareholders – the money will be used for future investments – the idea of some share buybacks was mooted.
Capital Metals LON:CMET was in second place, up 29%. There’s no news here since yesterday’s AGM results and there’s quite a wide spread being quoted on the stock but this has lifted the price by to levels not seen in a few months.
- Small Cap Stocks: Crism Therapeutics, Sancus Lending, Physiomics
- Small Cap Stocks: Nightcap, Capital Metals, Chaarat Gold
Anglo Asian Mining LON:AAZ gets the notable mention, up 9%. The company issued an update this morning advising that its agitation leaching process had now resumed normal production. Volumes were slightly higher than usual but the move is barely outside the spread.
- Small Cap Stocks: UK Oil & Gas, Destiny Pharma, Tower Resources
- SmallCap Round Up: Anglo Asian Mining, Novacyt, Croma Security
Trafalgar Properties LON:TRAF was the biggest faller, down 33% on the day. The company’s share price listing was restored today following a four month hiatus.
Tower Resources LON:TRP was in second to last place, down 29% but that comes off the back of yesterday’s bumper gains in the wake of interims. A degree of reversion is likely the key trigger here although an exercising of warrants will also be contributing to the downside.
