AIM Round-Up: Ascent Resources Gains 16 Percent

The Alternative Investment Market (AIM) saw a steady increase this week, climbing to 735.65 on Friday — that’s a gain of 0.45 percent from Thursday. It’s also a 20-point gain from last week’s close of 715.25.

Independent oil and gas exploration company Ascent Resources (LSE:AST) saw gains this week, climbing 16 percent to close at GBP0.12. In March, the company joined PrimaryBid.com, an online platform dedicated to equity crowdfunding for AIM-listed companies.

Of the week’s fallers, UK Oil & Gas Investments (LSE:UKOG) saw a drop of 24.37 percent to hit GBP2.35. The company is focused on investing in conventional oil and gas production, development and exploration. This week, it announced a significant upgrade of the Horse Hill well in the Weald Basin.

Another faller for the week was Alba Mineral Resources (LSE:ALBA), which saw its share price drop 24.24 percent to close at GBP0.63. The company is focused on exploring for uranium and base metals. Interestingly, Alba also owns a 10-percent interest in the Horse Hill discovery.

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