The Fed may have left interest rates unchanged last night, but the accompanying hawkish tone has been sufficient to leave many equity markets paring gains. AIM was no exception with the all share index down at the close by just over three points at 790.92.
- Red Rock Resources +82%
- Amur Minerals +27%
- Eden Research +22%
- Amte Power -74%
- Crystal Amber Fund -29%
Red Rock Resources LON:RRR added 82% on the day after it provided a Lithium update in relation to operations in Zimbabwe. An environmental certificate has now ben issued, meaning that the company can start production and sale. Shipping will start immediately and further will follow.
Amur Minerals LON:AMC advanced 27% on the day, although close on half that was accounted for by the spread. The company is in the midst of a possible buy out, but today’s gains push the valuation meaningfully higher than the indicative price that had been mooted.
Eden Research LON:EDEN gets the notable mention, sitting some 22% up on the day. The stock has been on a tear over the last week and an update over distribution partnerships today added further upside support.
Amte Power LON:AMTE was the biggest faller, down 74% at the bell. A financing update this morning noted that the company needs to find fresh capital within the next four weeks and failure to do that could see shareholders wiped out.
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Crystal Amber Fund [LON:CRS] was off 29% although that’s reflective of the fact the company declared a 25p per share dividend with the underlying going ex-div today.