The Alternative Investment Market rose 6.27 points on Friday to trade at 723.85 points. Following gains last week, Central Rand Gold was up another 25 percent this week.
On Friday, the Alternative Investment Market (AIM) rose 6.27 points, or 0.87 percent, to trade at 723.85 points. Stocks rose across most of the world, Reuters reported, as China cut its interest rate and European Central Bank head Mario Draghi disclosed his intention to take drastic measures to help the Eurozone’s economy.
“We will continue to meet our responsibility — we will do what we must to raise inflation and inflation expectations as fast as possible,” Draghi said in Frankfurt. “If on its current trajectory our policy is not effective enough to achieve this … we would step up the pressure and broaden even more the channels through which we intervene.”
Resource companies weren’t left out of the more widespread rise impacting global stock markets. Gold mining and exploration holding company Central Rand Gold (LSE:CRND) rose 29.21 percent on Friday to trade at GBP24.55.
On the market’s downside, Australian exploration company Tangiers Petroleum (LSE:TPET) lost 13.33 percent to trade at GBP0.65. Mineral explorer African Consolidated Resources (LSE:AFCR) also dipped on Friday, losing 13.16 percent to trade at GBP0.82.