With more dovish tones emerging from the Fed and the Bank of England holding fire on further rate hikes today, equity markets have been able to find some further support with the AIM All Share adding almost seven points to reach the closing bell at 690.42.
- Corcel +27%
- MC Mining +20%
- Audioboom +13%
- Southern Energy -15%
- T42 IOT -14%
Corcel LON:CRCL added 27% on the day, amidst speculation that some positive drill results may be announced soon. There has been no official news since the cobalt and nickel interest was sold off a couple of weeks ago but volumes are significantly elevated.
MC Mining [LON:MCM] was in second place, up 20%. The company announced this morning that a consortium controlling around two thirds of the stock was considering a buy out. Management are advising shareholders to take no action at this time, although with a 50-75% bid premium this could test investors.
Audioboom LON:BOOM gets the notable mention, up 13% on the day. The company notified the market this morning that it had reached the landmark of 1 billion online advertising impressions in October. The milestone was achieved off the back of the implementation of the AdRip inventory creation tool developed back in 2021.
- Corcel focusing on high-potential O&G assets
- Three Quick Facts: British American Tobacco, Kainos, Audioboom
- Small Cap Stocks: Good Energy, Distil, Corcel
Southern Energy [LON:SOUC] was the worst performer, down 15% at the bell. That reflets the impact of a discounted fundraising which closed overnight and raised $5m. The money will be used to fund the completion of four drilled and uncompleted wells.
T42 IOT LON:TRAC was in second to last place, down 14%. There’s no news here and only one modest order appears to have gone through today, leaving a wide spread on the company that’s valued at just a shade over £1m.
