London’s AIM Index managed some modest gains heading into the close, thanks to tailwinds from across the Atlantic although any overshoot in the inflation print could lead to a turbulent start on Tuesday. At the bell the All Share was up less than one point at 724.14.
- Powerhouse Energy +30%
- Synectics +29%
- Golden Metal Resources +18%
- Harvest Minerals -21%
- Synairgen -15%
Powerhouse Energy LON:PHE topped the board at 4.30pm, up 30%. There’s no news other than a comparatively modest director deal having been notified but volumes are sharply up from normal.
Synectics LON:SNX is in second place, up 29% after the surveillance company published a trading update this morning, advising that it expected full year numbers to come in significantly ahead of forecasts thanks to a strong H2 performance.
Golden Metal Resources [LON:GMET] takes the notable mention, up 18% on the day. Assay results are now back from a site in Nevada and these are clearly impressing the market, not least owing to the wide footprint that the deposits have been found in.
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Harvest Minerals LON:HMI was left footing the board, down 21%. There’s no news here but trade was lumpy and focused on the latter part of the session. With order expectations being revised downward, there’s arguably a crunch point coming here.
Synairgen LON:SNG was in second to last place, off 15%. The stock has lost a lot of ground since its pandemic peak and now sits as a mere minnow. Today’s move was actually inside the spread being quoted at the close but can another winter season of respiratory illness offer any real respite for the stock?
