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SmallCap Round Up: Kooth, Velocys, MC Mining


Markets appear to be calming a little after the week’s earlier torrid bout and right now, investors seemingly don’t appear to think we’re staring into a proverbial abyss. Arguably the ECB’s failure to deviate from its planned hike today instils a degree of confidence too and the AIM Market has closed in the black, admittedly up only three points at 813.57.

  • Kooth +36%
  • Velocys +15%
  • MC Mining -18%
  • Metal Tiger -12%

In a very quiet day of trade with few outliers, Kooth’s [LON:KOO] 35% gain was notable. The company this morning advised that it had won a significant contract in California. This is the second such contract it has been awarded in the US, but duration and value details are still to be disclosed.

Velocys [LON:VLS] was the day’s second biggest gainer, adding 15% by the bell. Volumes were however unremarkable and there’s no formal news out here, although media reports suggest that further green energy subsidy plans will be coming from government soon.

MC Mining [LON:MCM] was the day’s worst performer, down 18% at the bell. The company this morning advised of a change of listing adviser in South Africa which may be unsettling some investors.

Metal Tiger [LON:MTR] was in second to last place at the bell, off 12%. The company is in the process of cancelling its AIM listing and will instead only trade in Australia, which may be presenting some tax problems. Volumes on the day were certainly higher than average and traffic very much weighted on the offer.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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