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SmallCap Round Up: Challenger Energy, Jersey Oil & Gas, MobilityOne


With US markets closed for the Thanksgiving holiday, direction has been thin on the ground for the AIM Index, although better than expected UK PMI data does appear to have offered some confidence. At 4.30pm the All Share sat at 717.87, up almost a point on the day.

  • Challenger Energy +38%
  • Jersey Oil & Gas +21%
  • MobilityOne +14%
  • United Oil & Gas -25%
  • Simec Atlantic -17%

Challenger Energy [LON:CEG] added 38% on the day, pushing out to levels not seen since the start of the year. The stock is however trading on a 9% spread at the close with significantly elevated volumes also in play. Nothing has been released today, but farm out news may be nearing.

Jersey Oil and Gas [LON:JOG] added 21% on the day following news of a successful farm out agreement to Serica Energy. This gives JOG a 20% fully funded interest in the project and will tigger a series of cash payments to the business. Management note that this unlocks exceptional value for the company.

MobilityOne [LON:MBO] gets the notable mention adding 14% on the day. The company has in the past made fairly frequent appearances on this board but there doesn’t appear to be anything behind today’s move with lumpy trade leaving the spread to more than accommodate the gains.

United Oil & Gas [LON:UOG] slipped 25% off the back of a corporate update this morning. This included details of a CFO appointment but also noted that a potential license partner on a project in Jamaica had fallen through. Other parties have expressed interest but the company also needs to encourage regulators to extend the existing license window.

Simec Atlantic [LON:SAE] was off 17% today. Again no news here although this move seems to have been driven by profit taking off the back of the 30% run higher seen at the start of the week, likely in anticipation of the Autumn statement being more positive for the sector than it actually was.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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