AIM Round-Up: AIM Makes Gains, Hits 782.75 Points

- October 4th, 2013

London’s Alternative Investment Market (AIM) ended the first week of October with a gain of 1.57 points to close at 782.75.

London’s Alternative Investment Market (AIM) ended the first week of October with a gain of 1.57 points to close at 782.75.

Impacted markers this week is the continued government shutdown in the United States. Investors worry lawmakers will not come to an agreement on the federal budget and the debt ceiling, Investing.com reported. A failure to raise the debt ceiling would negatively affect the global economy, and cause U.S. growth to drop below 2 percent this year, International Monetary Fund head Christine Lagarde said, according to the source.

Latin American gold miner, Minera IRL Limited (LSE:MIRL), saw some of the day’s biggest gains on the AIM. Minera increased GBP4.38, more than 30 percent, to GBP18.75.

Contrarily, Premier Gold Resources PLC (LSE:PGR), an acquisition and exploration company focused in Kyrgystan, posted some losses on Friday. Premier Gold was down GBP0.06, nearly 30 percent, to hit GBP0.16.

Mozambique coal miner Beacon Hill Resources Plc. (LSE:BHR) also saw a drop today. The company lost GBP0.32, 15.38 percent, to GBP1.76.

Wasabi Energy Limited (LSE:WAS), which is engaged in geothermal power in the U.S. and UK, hit GBP0.32 today, a loss of GBP0.05 or 13.33 percent.

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