AIM Round-Up: AIM Rises to 803.28 Points on Release of UK GDP Data

- October 25th, 2013

The Alternative Investment Market in London rose 3.01 points today to reach 803.28 points, today’s session high so far. Earlier, the AIM dipped to a low of 800.42 points.

The Alternative Investment Market (AIM) in London rose 3.01 points today to reach 803.28 points, today’s session high so far. Earlier, the AIM dipped to a low of 800.42 points.

London markets were impacted today by newly released third-quarter data that shows the UK’s gross domestic product grew 0.8 percent between July and September, an increase from the 0.7 percent seen in the second quarter of this year, MarketWatch reported.

A number of mining and energy exploration companies rose on the AIM today.

Antrim Energy (LSE:AEY), an international oil and gas exploration and production company, was among the companies that experienced gains today. The company reached GBP7 (US$11.32), gaining 12 percent. Australia-based SolGold (LSE:SOLG) also made gains on the AIM, rising GBP1.82 ($2.94), or 21.04 percent, to GBP10.50 ($16.97).

Another gold exploration company, Hummingbird Resources (LSE:HUM), experienced gains, rising GBP2.75 ($4.45), or nearly 7 percent, to GBP42.50 ($68.71). Premier Gold Resources (LSE:PGRincreased by GBP0.02 ($0.03), or 16 percent, to hit GBP0.14 ($0.23) on the AIM.

However, some mining companies, including Australia-based Nyota Minerals (LSE:NYO), fell on the AIM today. Nyota fell by nearly 9 percent, or GBP0.06 ($0.10), to GBP0.68 ($1.10). Centamin (TSX:CEE,LSE:CEY), Nyota’s largest shareholder, this week sold 20 million shares in Nyota, saying it did so after Nyota signed development partner deals with another company for its gold project in Ethiopia.

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