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The Alternative Investment Market as mounting violence in Iraq raised concerns of further military action.
The Alternative Investment Market (AIM) in London is currently sitting at 788.07 points, down 7.11 points. The market hit a low of 787.69 points and a high of 793.56 points today.
Investing.com notes that European stocks declined as escalating violence in Iraq pushed down equities. US President Barack Obama has reportedly weighed the possibility of a military operation there.
Two mining companies were top gainers today. The first, Baron Oil (LSE:BOIL), is an oil and natural gas company focused on South America. It rose by GBP0.20, or 16.67 percent, to GBP1.40. The other is Stellar Diamonds (LSE:STEL), a diamond company with assets in West Africa; it rose by GBP0.25, or 20.73 percent, hitting GBP1.45.
On the flip side, Tower Resources (LSE:TRP), a gas and oil exploration company focused on Africa, fell by GBP1.95, or 67.16 percent, to GBP0.95. Similarly, Great Western Mining (LSE:GWMO), which explores and mines for copper, silver, gold and other minerals in Nevada, fell by GBP0.12, or 13.48 percent, to reach GBP0.77.