AIM Round-Up: Clean Air Power and Trap Oil Gain as AIM Rises

The Alternative Investment Market (AIM) grew 2.47 points on Friday to reach 700.42 points, a 0.35-percent gain from the previous close. Markets around the world performed well on positive job numbers in the US, rising oil prices and currency gains for the euro.

The US added 257,000 jobs to nonfarm payrolls in January, according to the Department of Labor. Investors around the world were cautious this week in anticipation of US jobs numbers and uncertainty about the financial situation in Greece. News of US employment growth encouraged market speculation and investors hope to benefit from the expected Federal Reserve interest rate increase later this year.

Clean Air Power (LSE:CAP), which describes itself as pioneering the move toward trucks powered by natural gas, was the AIM’s biggest gainer, and grew 51.43 percent to trade at GBP2.65. Oil exploration and development company Trap Oil Group (LSE:TRAP) followed with a smaller percentage gain of 27.27 percent and traded at GBP1.75.

However, other resource companies did not fare so well. Shares of oil group Tomco Energy (LSE:TOM) dropped to GBP0.18, a 28-percent change. Exploration and mining company Premier Gold Resources (LSE:PGR) saw serious losses as well, tumbling 26.67 percent to trade at GBP0.06.