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AIM round-up: Southern Energy, Argos Resources, Deepmatter Group


There were meaningful losses for many global indices today as markets digested the Fed’s hawkish stance over rates. London’s AIM Index was caught up in this too, shedding just over 19 points by the bell to land a 1191.92 in its biggest one day sell off since late November.

  • Southern Energy +27%
  • Argos Resources +24%
  • Deepmatter Group -31%
  • Caspian Sunrise -16%
  • MyHealthChecked -6%

Southern Energy [LON:SOUC] has topped the board, adding 27% today and extending those gains from before Christmas. There’s no news out but trade has been lumpy and a shortage of supply has driven the spread out to almost 14% at the close.

Sticking with the energy sector, Argos Resources LON:ARG also fared well today, with the minnow adding some 24% by the bell. Again there’s no news out here and trade was very thin, something underlined by the achingly wide spread posted by the stock.

A notable mention for MyHealthChecked LON:MHC who we flagged earlier in the week after they signed a deal to sell Covid tests via the Lloyds network of pharmacies. With the government rowing back on testing plans now and speculation that they may no longer be an obligatory part of travel, the stock has been squeezed today and receives the notable mention with a 6% drop by the close. This is however smart technology and has uses well beyond C19.

Deepmatter Group LON:DMTR was the day’s worst performer, off 31% and extending its pre-Christmas sell-off. Trade was fairly lumpy and the stock – with a market cap of just £3m – has been left sitting on a 20% spread. A general meeting was called earlier in the week and given the recent performance of the share price, this has the potential to be am insightful session.

Caspian Sunrise LON:CASP also stumbled again today, shedding a further 16% as the security situation in Kazakhstan deteriorated further. Shares have now given back all of those pre-Christmas gains but still sit well above last year’s lows. It’s difficult to try and catch a falling knife, but at some point good value may emerge here.

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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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