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AIM Round-Up: Argos Resources, Uranium Resources Top Gainers
Markets and indices around the world saw losses this week, and the Alternative Investment Market was no exception. Still, some mining- and resource-focused companies came out on top.
Markets and indices around the world saw losses this week, and the Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) in London was no exception. Overall, the AIM fell this week by 1.69 percent, or 12 points, to finish at 725.62 points.
Still, a number of mining- and resource-focused companies managed to come out on top.
Uranium Resources (LSE:URA) was the top gainer for the week, rising 36.36 percent to GBX0.45. The company is focused on advancing its Temrezli in situ recovery project in Central Turkey. In December, Uranium Resources announced that it had received US$1 million in funding by way of a registered direct offering with a private party. However, there has been no further news to explain this week’s gain in share price.
Oil and gas exploration company Argos Resources (LSE:ARG,OTCMKTS:AORGF) was also on the rise this week, gaining 47 percent to close at GBX6.38. Its assets are concentrated in the North Falkland Basin near the Falkland Islands.
On the downside, LGO Energy (LSE:LGO) continued to see its share price fall, losing nearly 28 percent to finish the week at GBX0.197. In the past year, the oil and gas explorer and producer with assets in Trinidad and Spain has seen its share price drop by about 95 percent. Dual-listed Rambler Metals and Mining (LSE:RMM,TSXV:RAB) also lost out this week, falling 21 percent, to GBX2.43. Rambler has operated the Ming copper–gold mine in Newfoundland since November 2012.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Related reading:
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