The Conversation (0)
Iron ore-focused Beowulf Mining was the top-gaining mining stock on London’s Alternative Investment Market this week.
It was a tumultuous week for the Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX); overall, the index lost 1.79 points to close the week at 730.63 points.
Meanwhile, a number of resource stocks saw their share prices gain for the week. Beowulf Mining (LSE:BEM) was up 59 percent for the week to GBP0.0539. The company is focused on its Kallak iron ore project in Northern Sweden. The company’s share price spiked on Friday, but Beowulf put out a release stating that it is unaware of any reason for the movement.
Oilex (LSE:OEX) was also up for the week, rising 20 percent overall. The oil and gas exploration and production company rose following news that Sundeep Bhandari has requested the cancellation of 4 million unlisted options issued to him, as per Proactive Investors UK.
On the downside, gold– and tungsten-focused Aurum Mining (LSE:AUR) was down 44 percent to GBP0.005. Uranium Resources (LSE:URA) was also down for the week, losing 27 percent to trade at GBP0.0027.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Related reading:
AIM Round-Up: Clontarf Energy Up Over 100 Percent
AIM Round-Up: Pantheon Resources Up 82 Percent on Positive Results from VOBM#1
AIM Round-Up: Sovereign Mines of Africa Takes Top Spot
AIM Round-Up: Ithaca Energy Gains 42 Percent on Operations Update
AIM Round-Up: Serica Energy Spikes on Production Restart