London’s AIM All Share posted further losses on Thursday and whilst modest, saw the index settle almost four points lower at 792.54
- Argos Resources +20%
- Mercantile Ports +17%
- Phoenix Copper +16%
- Itsarm -25%
- Premier African Minerals -25%
Argos Resources LON:ARG topped the board, up 20% on the day. There is however nothing behind the move with the share recovering most of yesterday’s losses and continuing to be quoted on a wide spread and with low volumes.
Mercantile Ports [LON:MPL] advanced 17% on the back of news of a contract extension. Trade volume was once again limited however and the move was within the spread quoted at the close.
Phoenix Copper LON:PXC gets the notable mention, up 16%. The company issued full year results this morning and although dealflow was limited, evidently the market was positive over the numbers, with the stock trading on a modest 4% spread by the close.
Itsarm LON:ITS heads towards delisting and shed another 25% on the day. There have been suggestions that the delisting would take place on Friday but volumes ultimately have been very limited.
- Small Cap Stocks: Premier African, Global Petroleum, Helix Exploration
- Small Cap Stocks: Strategic Minerals, Clean Power Hydrogen, Deltic Energy
- Small Cap Stocks: URU Metals, Armadale Capital, Phoenix Copper
Premier African Minerals LON:PREM was also down 25%, in the wake of a project update. Whilst the headline news was good, the kicker was a line that read Alternative further funding may need to be sought if there are any further significant shipment delays. Investor caution appears to have taken a toll…
