AIM Market Roundup: Karelian Diamonds, AOTI, Christie

The AIM All Share lost its grip on the 800 handle on Friday and despite making a brief return to that level in Monday’s early trade, the overall mindset remained very much risk off and the index was just over a point lower at 795.30 by 4.15pm.

  • Karelian Diamonds +29%
  • AOTI +27%
  • Christie Group +25%
  • Cora Gold -18%
  • Celsius Resources -15%

Karelian Diamonds [LON:KDR] topped the board, trading some 29% ahead as we approached the close. The company provided an encouraging update on Thursday that didn’t result in much movement in the share price, so was that a case of an overhang being taken out and now the gains are materialising? It’s worth noting that the gain was barely above the spread.

AOTI [LON:AOTI] was in second place at copy time, some 27% ahead following the publication of a real world study that highlighted the efficacy of the company’s topical wound therapy and is seen as likely to encourage wider adoption.

Christie Group [LON:CTG] was 25% higher for the notable mention, gaining after full year results were well received. Revenues added 195 and pre-tax profits from continuing operations more than doubled. The final dividend was up 57% and management are upbeat with regard to the outlook.

Cora Gold [LON:CORA] was the biggest faller at copy time, down 18%, after the security situation in Mali deteriorated over the weekend. The loss needs to be put in context of the strong gains seen by the business over the last couple of weeks, but this appears to remain a live situation.

Celsius Resources [LON:CLA] lost 15% on the day. That move comes after the company announced it had been made aware that a loan had been assigned to another party without consent, raising some concerns as a result. The company is reviewing the situation with advisers, volumes were limited and the spread is wide, but this has understandably rattled some investors.

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By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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