AIM Round-Up: African Potash Gains 71 Percent on COMESA Agreement

The Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) dropped off Friday morning, but still managed to finish the week up two points at 753.17. The index is up 7 percent, or 51 points, so far in 2015.
Gaining on the AIM this week was African Potash (LSE:AFPO), which saw its share price rise 71 percent to GBP0.549. The company’s main focus is the Lac Dinga potash project in Congo. On Tuesday, the company reported a “landmark trading agreement” with the Common Market for Eastern and Southern Africa and the Mask Africa Crowd Farm Fund Limited, to create a vertical platform for mining, producing and distributing fertilizer.

Exploration and development company Stratex International (LSE:STI) also saw its share price rise this week. The company’s stock gained 42 percent on the AIM to finish at GBP2.06 on Friday. On Wednesday, Stratex provided an update on its 45 percent Altintepe Gold Project, reporting that construction at the project is on track for completion this month. Furthermore, on Friday, it reported that G.P. (Jersey) Limited had purchased 20 million shares of Stratex for 4.28 percent of the company’s issued share capital.
On the downside, Gulfsands Petroleum (LSE:GPX) fell 42 percent to close at GBP5.12 on Friday. The oil and gas exploration and production company released its results for the first half of 2015 on Wednesday, reporting increasing losses and cautioning investors regarding the groups ability to continue as a going concern. Pathfinder Minerals (LSE:PFP) also saw its share price drop as much as 19 percent last week. Pathfinder is seeking to mine heavy mineral sands in Mozambique.
 
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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