The AIM index spent all day Monday in positive territory, although sentiment did ebb away in the latter part of the session, closing just over 1 point higher at 955.51.
- Valirx down 40%
- Kropz plc down 24%
- Great Western Mining up 55%
- Advance Energy up 25%
- Notable mention: Blue Star Capital up 10%
Great Western Mining [LON:GWMO] was the biggest gain on the day, adding 55%. There’s little news to support the move, but demand for the stock has been brisk with aggressive buying seemingly driving up the share price.
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Advance Energy [LON:ADV] also saw strong gains, adding 25%. A tweet by the business noting that even with oil at $40, its project can deliver strong returns has been picked up on – this is another minnow with a market cap of just £5m – but that’s doubled over the last six weeks.
At the other end of the board, last week’s hero ValiRx [LON:VAL] became the day’s biggest casualty, losing a chunky 40%. Investors had been bidding up the stock last week in anticipation of news over clinical trials. That was announced this morning and appeared to set a good platform for the future, but it seems the market expected more.
Kropz [LON:KRPZ] was another big faller on the day, off by 24% but despite a more than nominal market cap of £32m, the stock trades on a phenomenally wide spread. One-way traffic during the session was enough to see the share price tumble.
A notable mention for Blue Star Capital [LON:BLU], whose shares added 10% during the session. They own a slice of David Beckham’s Guild Esports, which is set to IPO on Friday. Expectations are running high that this could result in a bumper pay out for shareholders.