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AIM is booming, but just what are the junior market's most popular stocks?
Demand for growth stocks has been steadily building since it hit its nadir at the end of 2012.
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LON:IOG
The Net Zero UK gas and infrastructure operator focused on high return projects.
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Demand for growth stocks has been steadily building since it hit its nadir at the end of 2012.
Some of the main news-driven share changes at 4.00pm
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A weekly look at London's small cap winners and losers.
Below is Proactive’s coverage of the most followed bulletin board stocks, including: IOG AEX SRX CNR PVR HUR XEL GKP
Musical chairs in the Vast Resources but the stock market likes the music
Two exploration targets - the Lower Dornoch and Maureen formations - were the well’s secondary target, and it will now be plugged and abandoned.
There was more positivity from the mining sector on Wednesday with drilling updates, financial results statements and analyst commentary.
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Round up of this week's oil news from the world of Proactive.
A mixed news bag but small cap miners appeared to be out in force
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The weekly round up of oil sector news from the world of Proactive.
“We believe this well will be transformational for the company and look forward to its imminent spudding."
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The round up of this week's news from the world of oil.
As the countdown to drilling begins Skipper is seen as a "transformational" project for IOG.
A summary of small caps stories on the newswire today
IOG's gas 'hub' continues to come together, as it has now acquired all of the undeveloped Blythe field.
"We are extremely pleased to have agreed this major transaction, to acquire a number of attractive assets, in what remains a challenging market,” said chief executive Mark Routh.
Chilean copper miner did financing deals with two shareholders
“We are delighted to drill it next month with a significantly reduced estimated duration and cost,” said chief executive Mark Routh.
FTSE AIM 100 was up 0.26% to 3,512, while the FTSE AIM All share gained 0.26% to stand at 745.290
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The weekly round up news and updates from the world of oil
We all might as well have started the long weekend a day early for all the activity in the UK market today
Atlantis Resources made great strides, Sirius Minerals is a 'fertiliser juggernaut' of the future and W Resources remains on course.
“In spite of the exceptionally challenging ongoing market conditions, the company has successfully positioned itself for future growth,” said chief executive Mark Routh.
Mining stocks were wanted, offsetting falls on the likes of properties and house builders
DiamondCorp a cut above the rest, ITM Power wins a prize and Westminster group repairs will begin soon.
IOG will initially pay £1.5mln to acquire the 50% of Blythe that it doesn’t already own, and with full control it will subsequently be better able to develop the field.
Iran avoided the need to walk out of the oil producers' meeting by not bothering to turn up in the first place
Ascent Resources collapsed almost 70% because the proposed takeover by Cadogan Petroleum Plc’s (LON:CAD) fell through, as the deal would no longer be worth it.
Investments and investor services
Mining bulls were hailing Janet Yellen's cuatious comments about interest rate rises as a weaker dollar sparked demand for mining shares
IOG owns 50% Blocks 48/22b and 48/23a which host Blythe, and it is now talking to Alpha Petroleum to acquire the other 50%.
Mining stocks are surging ahead, dragging the Footsie higher
Major share price risers and fallers in London at 4pm
IOG said it has now “refined” its strategy following the £13.55mln infusion of cash from London Oil & Gas.
Earnings reports from oil supermajors dominated the market headlines this week.
The debt will carry interest at 9% per year, and can be converted into IOG shares at a price of 8p per share.
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Shareholders signed off Shell’s acquisition of BG.
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Britain's blue chips closed the afternoon session lower after uninspiring UK economic data and as energy powerhouse Centrica weighed.
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Equipment hire firm Ashtead was dented as investors reacted to the warning signals coming via a rivals weak earnings report.
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After briefly venturing back above 6,000, the Footsie saw its gains trimmed as US markets turned lower.
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A round-up of the day's news from the small cap universe
Investors shrug off 'We're done for' predictions to push shares higher
It told investors that the Skipper well would be delayed until there is greater stability and clarity in the oil market.
IOG intends to carry out a full 3D seismic reprocessing of seismic data across its whole Southern North Sea portfolio
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A name change might be in order for Premier Veterinary now it has sold its veterinary business
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A notable riser was Electric Word (LON:ELE), whose shares added 25% as it announced it has agreed to sell its 70% stake in online magazine iGaming Business to Clarion Events for around £13.8mln.
"This is a huge step forward for IOG in line with our stated strategy,” said chief executive Mark Routh.
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The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
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Sula Iron & Gold, 88 Energy and Iofina also made headlines on Monday
Transocean’s John Shaw semi-submersible rig is now expected to spud the well in late January or early February.
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On the week where Brent crude fell below US$40 a barrel, there was a few corporate smatterings and UK project Horse Hill was once again in the frame.
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Abzena, Keras and North River Resources also had news out on Friday
It is borrowing an extra £800,000 from London Oil & Gas which a week ago agreed to fund the company for £2.75mln of a total £4.75mln debt financing.
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A half-hearted rally failed to wipe out the morning's losses.
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Corero Network Security has passed a ‘significant milestone’ in its development by getting a tier-one ISP to take its SmartWall Threat Defense System
The index had lost around 23 points by lunch to 6,103
The well is expected to spud in late January or early February, the company confirmed.
“We are very impressed by the capacity of IOG to raise further capital despite the current bearish oil market,” said analyst Marc Anis-Hanna.
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Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
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The FTSE100 ended the day almost 15 points lower to 6,223.
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Sunrise Resources, Optibiotix Health and ITM Power also had news out
Christmas has come early for Independent Oil & Gas as it has finally landed crucial funding for the appraisal of the Skipper field.
The FTSE100 was around 30 points higher at 6,267 with aerospace engine maker Rolls Royce leading the way.
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Below are the main news-driven share price movements at 4pm.
GE Oil & Gas and London Oil & Gas have agreed to lend £4.75mln in total
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Here are last weeks highlights from the oil and gas sector
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Proactive Small Cap highlights - Bango, Xeros, Starcom, DCD Media, Ascent Resources, IOG, Xcite Energy, Northern Petroleum, KEFI Minerals
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Independent Oil & Gas, Deltex Medical Group and Avation were also reporting.
"Despite the challenging market conditions, we are making great progress towards drilling this transformational well," said chief exec Mark Routh
Small cap firms were boosted by fast-track news, as the pace picked up for key projects.
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Investec thought things had bottomed out at Pearson: the broker was wrong
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Asiamet saw a resource upgrade, Metminco got a boost in its partnering efforts and Sound Energy's teamed up with Schlumberger
It has brought in £150,000 via the issue shares at 7p.
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The FTSE 100 Index ended the day some 67 points lower to 6,275.
"It is important for IOG and all its stakeholders that the outstanding liability to Darwin has been extinguished," Mark Routh said.
With a price target of 70p VSA suggests nearly 1,000% upside to IOG’s current price, though the need for funding is seen as a risk.
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ASOS gained about 5% this past week amid analyst upgrades
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It was another busy week in the oil and gas sector
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Next, ASOS and Primark owner ABF were all upgraded, while Premier Farnell, Genus, Kaz Minerals, EnQuest and Wolseley were also in the broker spotlight