Oxus Gold bucked the trend on Thursday when precious metal mining groups lost ground due to falls in gold and silver prices.
But as the market shut the company said it knew of no reason for the price rise, since all price sensitive information had been notified to the market. In their first chance to react to that statement, investors have knocked the company's shares back again, down 0.45p to 1.05p, or 30%.
Elsewhere Hot Tuna International, the surf wear specialist, has lost 42% to 0.07p after its final results. Falling sales during the year led to an operating loss of £0.86m. It warned revenues had not met forecasts and cashflow was not expected to support the business through 2012. So in November it decided to sell the Hot Tuna brand and intellectual property which would leave the business as a listed shell company. It has received interest from potential buyers, and hopes to put a firm proposal to shareholders in January. If it does not sell the business, it will look at alternative funding while continuing to cut costs.
Rockhopper Exploration has slipped 0.5p to 262p. The Falklands island explorer said it had completed coring and logging operations at its 14/15 sidetrack well, earning the 60% interest and operatorship of a key licence.
