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

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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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