AIM Round-Up: AIM Climbs Despite Higher Jobless Claims

The Alternative Investment Market (AIM) was up 2.42 points to 753.03  on August 23. The market hit a high of 753.06 points and a low of 750.50 today.

Investing.com reported Europe saw subdued trading today after U.S. jobless claims data was reported Thursday, which showed more people filed for unemployment last week. The seasonally adjusted unemployment rate was higher than forecasted. The data sparked more uncertainty of the future of the Federal Reserve’s stimulus program, causing stocks to fall.

Rare Earth Minerals PLC (AIM:REM) saw the highest gains on the AIM – rising by 122.89 percent or GBP0.51 to GBP0.92. Greatland Gold (AIM:GGP) rose to GBP0.50 – an increase of 112.90 percent or GBP0.26.

Mineral resource producer Galantas Gold Corporation (AIM:GAL) was one of the companies on the AIM that experienced losses today. Falling by GBP0.25, or more than 22 percent, the company hit GBP0.88. Rialto Energy Limited (AIM:RIA), an Australian-based oil and gas exploration company, also saw losses on the AIM, falling GBP0.15, or 10.53 percent, to GBP1.28.