London’s AIM Index made an uninspiring start to the day but managed to cling on to positive territory until US traders returned from the Thanksgiving weekend break and Andrew Bailey did his bit for risk appetite by reminding us that the fight to get inflation back to target wouldn’t be quick. As a result. The All Share finished the day just over two points lower at 714.93.
- Global Petroleum +71%
- Anglesey Mining +38%
- Proton Motor Power +16%
- Scirocco Energy -31%
- FIH Group -22%
Global Petroleum [LON:GBP] topped the board this morning in the wake of a boardroom reshuffle, up 71%. This follows stakebuilding news and a shareholder proposal we had reported on a few weeks ago, returning the shares to levels not seen since full year results were published in late October.
Anglesey Mining [LON:AYM] added 38% on the day amidst sharply elevated trading volumes. There’s no news here and although the stock has recovered losses incurred over the last couple of months, it did close on a spread in excess of 7%. Whether this means good news is incoming remains to be seen.
Proton Motor Power [LON:PPS] gets the notable mention, up 16% on the day. The company this morning advised it had completed on a follow-up order for GKN Hydrogen and had also received grant funding from the Germany Ministry for Economics and Climate to develop a modular, renewable and self-sufficient energy supply using hydrogen technology. This could be worth up to EUR300k over three years.
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Scirocco Energy [LON:SCIR] was the day’s laggard, off 31% at the bell. The company advised this morning that a significant shareholder had sold down part of his stake, although the spread was notable, accounting for much of the drop.
FIH Group [LON:FIH] was in second to last place, down 22% and extending losses seen in the wake of earnings news released the end of last week. Transactions were however limited and there’s all that not much of note to see here.