AIM Round-Up: Connemara Mining Rises 45.45 Percent

The Alternative Investment Market (AIM) fell on Friday to finish the week slightly down overall. The exchange dipped 0.48 percent as investors responded to continued uncertainty surrounding the Greek debt situation, ending the week at 768.73 points.

Connemara Mining Company (LSE:CON) was Friday’s biggest gainer, and its share price rose 45.45 percent to hit GBP2. The Irish exploration and development company holds 35 prospecting licenses for locations throughout Ireland. On June 26, it revealed exploration results from its Inishowen Block project. The company discovered quartz vein material with gold values in excess of 15 g/t. Connemara is tracing the finding to a nearby source area and will attempt to refine its target for later drilling programs.

The share price of multi-commodity resource company Mwana Africa (LSE:MWA) fell the most on Friday, dropping 16.9 percent to GBP1.48. On Friday, the company announced the resignation of its nominated advisor and broker, Peel Hunt. If the company fails to replace Peel Hunt prior to July 25, its shares will be suspended from trading on the AIM. If the company cannot replace Peel Hunt by August 25, its shares will not be admitted to trading on the exchange.

Related reading:

AIM Round-Up: Rose Petroleum Up 21 Percent

AIM Round-Up: Kodal Minerals Up 22 Percent

AIM Round-Up: Stratex International Rises 20 Percent

AIM Round-Up: Copper Development Rises 26 Percent

AIM Round-Up: Amur Minerals Gains 87 Percent