The Alternative Investment Market All-Share index finished fairly flat this week, but Altona Energy was on the rise, gaining 165 percent to close at GBX0.795.
The Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) dropped earlier in the week, but took back some of its losses to finish the week fairly flat overall. On Friday, the AIM was down just a quarter of a point to 725.15.
Despite the continued rout in commodities prices, a number of companies from the mining and resources sector saw their share prices rise.
Shares of coal focused Altona Energy (LSE:ANR) were up 165 percent to GBX0.795 for the week. The company did not put out any news that would explain the share price rise. However, Northland Securities recently reissued a “corporate” rating for the company, and insider Nicholas James Lyth bought roughly GBP13,000 worth of shares of the company, according to Dakota Financial News.
Uranium Resources (LSE:URA) was also up for the week, gaining 82 percent to close at $0.31. The company announced US$1 million in funding via a registered direct offering with a private party on Friday.
On the losing side of things, Arian Silver (LSE:AGQ) fell 83 percent last week to finish at GBX1.98. The company voluntarily delisted from the TSX Venture on November 30, and resumed trading on the AIM on Tuesday. According to Sharecast, investors are worried about Arian’s survival; Quintana ACQ Holding took the company’s flagship San José project in Mexico after the company defaulted on its loan payment in early November.
Following a 220 percent gain last week, Forte Energy NL (LSE:FTE) lost 67 percent this week to finish at GBX0.0055 on Friday
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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