London’s AIM All Share found support on Thursday, lifted by that bumper rate cut news from the Fed – and undeterred by the Bank of England’s decision to hold firm for another round. By 3pm the index was more than four points higher at 746.76.
- URU Metals +48%
- Armadale Capital +18%
- Phoenix Copper -21%
- Proton Motor Power -18%
- Engage XR +15%
URU Metals LON:URU topped the board by 3pm, up 48%. However there’s no news here, trade has been thin and the move is barely beyond the spread. It’s worth noting though that results must be due soon.
Armadale Capital LON:ACP was 18% up on the day. Again however there’s no news out and volumes are far from remarkable.
- Small Cap Stocks: Bluejay Mining, Nightcap, Karelian Diamond
- SmallCap Round Up: Armadale, Quantum Blockchain, Northern Bear
Phoenix Copper LON:PXC is the worst performer, down 21% after the company published a pre-feasibility study for a proposed mine in the US. The report reads as encouraging, although at least some investors seem to have used the update as a trigger for booking profits.
- Small Cap Stocks: Strategic Minerals, Clean Power Hydrogen, Deltic Energy
- Small Cap Stocks: Mobile Tornado, Petrel Resources, Helix Exploration
And Proton Motor Power LON:PPS is back in focus, extending yesterday’s losses amidst market wariness over the future viability of the company unless new backers are found soon. Shares were down a further 18% at 3pm.
Engage XR [LON:EXR] gets the notable mention, up 15% following the publication of interim results this morning. Losses are down and revenues are up, but there’s also a rump of booked work that will be recognised in H2 accounts which seems to be bolstering sentiment.
