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.
