Strategic Minerals (SML:LON) jumps, light AIM trade boosts value by £11m
Strategic Minerals Plc gained 10.0% Tuesday. The AIM-listed miner’s shares rose 0.40p, lifting market value by about £11.3 million. Reported volume was 10.49 million shares, under 0.4% of shares in issue, according to market data and Reuters calculations. This is notable since the swing came on light trading. Google Finance put average volume at 16.38 million shares, so Tuesday’s turnover was just 64% of that. The share move outpaced the FTSE AIM All-Share’s 0.27% rise by around 9.7 points.