AIM round-up: Star Phoenix, Quiz, Comptoir Group

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13th July 2021
Tony Cross
Quiz

It’s been another day of rangebound trading for the AIM index, stuck in a channel of around 0.5% London’s junior market reached the bell up 1249.12

Star Phoenix +28%
Quiz +20%
Arkle Resources -21%
Victoria Oil & Gas -19%
Comptoir Group -12%

Star Phoenix [LON:STA] soared to the top of the board today, sitting some 28% higher by the close after announcing it had signed a non-binding agreement for a new project to explore natural hydrogen resources in Western Australia. Despite the nature of the deal – which remains at a very early stage – enthusiasm for the stock has been notable, although usual caveats of this being a small cap stock trading on a wide spread need to be applied.

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Clothing group Quiz [LON:QUIZ] has had another good day with the shares tacking on 20% by the close. Yesterday’s trading update clearly continues to impress – even if the company still has a lot of slack to recover if it’s to return to former fortunes.

Arkle Resources [LON:ARK] shedd 21% today off the back of preliminary results from a drill hole in Ireland. The grades seem to have come up a little short and although further analysis is warranted, this has now reversed the gains accrued over the last four weeks, the catalyst for which was a more positive note about drilling in the same location.

Victoria Oil & Gas [LON:VOG] was one of the day’s worst performers, shedding 19% by the close in the wake of results which were published ahead of the open. This covers a year which has been fraught with challenges as international borders were closed, but perhaps most telling is the auditor’s note that there’s material uncertainty over the company’s viability as a going concern, should certain milestones not be met.

A notable mention for Comptoir Group [LON:COM] who have struggled today, slipping as much as 16%. There’s no news here, but having had a good run around the start of May, the stock has plateaued. The wide spread also needs to be taken into account, but shares reached the bell around 12% lower.

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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