AIM Round-Up: Magnolia Petroleum Ups Production By Two-thirds

The Alternative Investment Market (AIM) in London is up 0.62 points, at 764.58 points, after hitting a low of 764.08 points and a high of 765.57 points today.

European stocks were relatively flat today, according to Investors remain cautiously optimistic about upcoming speeches from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi.

Magnolia Petroleum (LSE:MAGP), an oil and gas company that drills primarily onshore in the US, rose by GBP0.60, or 57.14 percent, to reach GBP1.65. The company announced today that it has increased its production by two-thirds since April, according to Proactive Investors UK. South Africa-focused gold, coal and uranium miner Kibo Mining (LSE:KIBO) also saw gains, rising GBP0.43, or 31.64 percent, to reach GBP1.81 per share, while Connemara Mining Company (LSE:CON), which mines for zinc and gold in Ireland, saw its shares rise by GBP0.62, or 22.73 percent, to reach GBP3.38.

Not faring so well was Sefton Resources (LSE:SER), which fell by GBP0.03, or 20.61 percent, to reach GBP0.13 per share. African Consolidated Resources (LSE:AFCR), which mines in Africa for gold, rare earths and phosphates, also saw a drop of GBP0.21, or 14.34 percent, reaching GBP1.24 per share. Finally, Bellzone Mining (LSE:BZM), which mines for iron, copper and nickel in West Africa, fell by GBP0.08, or 13.04 percent, to reach GBP0.50.

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