Skip to content

SmallCap Round Up: Oriole Resources, Myanmar Investments, Rua Life Sciences

*

London’s AIM index has seen a positive start to the week, outperforming the main board and adding around three and a half points to reach 722.48 at the close.

  • Oriole Resources +76%
  • Myanmar Investments +64%
  • Rua Life Sciences +43%
  • Velocys -59%
  • Active Energy -48%

Oriole Resources LON:ORR topped the board, adding 76% on the day. The company advised the market this morning that it had signed a heads of terms agreement with Ghana based BCM International to fast track exploration at two gold mines in Cameroon. Whilst the deal is non-binding, investor reaction has been positive and helps reverse losses accrued over the last four months.


Myanmar Investments LON:MIL added 64% on the day, although trades were thin on the ground and there’s no formal news out. The move was around the spread.

Rua Life Sciences LON:RUA advanced 43% on the day, taking the notable mention. This morning’s strategy update was well received by the market although trade was somewhat lumpy and the buying demand had the effect of leaving a closing spread of almost 15%.

Veolcys LON:VLS was the biggest faller, off 59% at the bell after a funding update and potential offer was announced to the market. The company needs funding by the year end but this proposal leaves the company seemingly facing a lose-lose choice. Failure to accept the funding offer this late in the day would make alternative optiosn difficult to source.

Active Energy LON:AEG was the second biggest faller, off 48%. The company provided an update on a production facility being developed for its use by a third party. Continued delays here are going to hit booked sales and although management are looking at solutions, the market reaction suggests the bottom line will be hit.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

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

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Admiral Markets

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top