The AIM All Share has rattled around in a one and a half point range today, finishing the session ever so slightly down but losses at 4.30pm were less than a quarter of a point, sitting at 792.88
- Panthera Resources +52%
- Coro Energy +26%
- Quadrise +22%
- Barryroe Offshore -56%
- Bonhill Group -25%
Panthera Resources LON:PAT jumped 52% on the day. An analyst update with directors outlined that a major development was expected in the ongoing Indian legal case in the coming weeks. Orders were relatively limited and one sided, however.
Coro Energy LON:CORO was in second place, 26% ahead at the bell. News of stake building using derivatives might be resulting in the squeeze here and volumes were certainly well up on typical levels.
Quadrise [LON:QED] gets the notable mention, up 22%. The company this morning announced a joint research program with BTG Bioliquids, which could help drive net zero initiatives in biofuels, although the bargain hunting off yesterday’s test of fresh all time lows could well be a contributing factor, too.
Barryroe Offshore [LON:BEY] is back on the list as the day’s worst performer, down 56%. The company advised today that it only has around three weeks’ worth of working capital remaining. Conversations with significant shareholders are ongoing but there’s no guarantee that any agreement can be realised.
- AIM Market Roundup: Immupharma, Poolbeg, Xeros
- Small Cap Stocks: Borders & Southern, GENIP, Smarttech 247
- Quadrise shares up over 300% in two-months
Bonhill Group LON:BONH slipped 25% amidst news that it was the latest company to be seeking to remove its listing from AIM. Shareholders should receive a residual cash balance – the question to ask now is whether the discounting today accurately reflects that.
