The Alternative Investment Market was up this week, with Clontarf Energy and URU Metals seeing the biggest gains in the resource sector.
The Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) saw some decent gains this week, rising 1.13 percent to close at 746.34 points.
Several resource companies were part of that rise as well. Clontarf Energy (LSE:CLON) was up 113 percent, at GBP0.32. The oil and gas company operates a number of exploration properties in Africa, Peru and Bolivia. URU Metals (LSE:URU), which has interests in nickel, uranium, gold and oil, was also on the rise, gaining 97 percent to finish at GBP0.849 for the week.
On the downside, copper explorer Metminco (LSE:MNC) was down 30 percent, at GBP0.20. This week, the company raised additional funds for exploration at its Los Calatos project, and stated that it is in talks with potential partners for the project.
Also losing ground was ECR Minerals (LSE:ECR), which saw its share price drop 27 percent for the week to close at $0.0405. The company’s share price fell after it released the results of a maiden resource estimate for its Danglay project on Thursday.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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