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SmallCap Round Up: Quantum Blockchain, Arkle Resources, Helium One


London’s AIM Index continues to underperform both local and overseas markets as the new week gets underway, sitting at 687.53 or just over two points lower at the bell.

  • Quantum Blockchain +26%
  • Arkle Resources +25%
  • Helium One +22%
  • Ethernity Networks -58%
  • Victoria PLC -17%

Quantum Blockchain LON:QBT topped the board, adding 26%. There’s no news but a sharp uptick in buy orders has been recorded, hinting at some possible short covering. The spread does however account for a large proportion of the uptick.

Arkle Resourecs LON:ARK was in second place, up 25%. Again however no news here, limited dealflow and a wide spread, although this has been sufficient to return the stock to six month highs.

Helium One LON:HE1 gets the notable mention, adding 22% following this morning’s update of drill site progress. A rig was taken off line just over a week ago following the failure of a component but that has now been replaced and drilling resumed yesterday.

Ethernity Networks LON:ENET was the biggest faller, off 58% by the bell. The company saw its stock suspended last week ahead of an update, owing to cashflow challenges it is experiencing. The relisting evidently served as a sell trigger for many.

Victoria PLC LON:VCP is down 17%, testing three year lows as concerns continue to swirl around the company’s outlook. A misinterpreted note from the auditor last month still seems to be weighing on the share price, despite a robust defence from management.

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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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