AIM Round-Up: Copper Development Rises 26 Percent

The AIM capped a week of gains with a 0.29-percent rise on Friday, closing at 772.5 points. Copper mining and development company Copper Development posted the biggest gain, rising 26.5 percent to reach GBP1.55.

The Alternative Investment Market (AIM) capped a week of gains with a 0.29-percent rise on Friday, closing at 772.5 points. The improvement came in spite of continued uncertainty surrounding the Greek debt crisis and its overall effects on the Eurozone.

Copper mining and development company Copper Development (LSE:CDC) posted the biggest gain on Friday, rising 26.5 percent to reach GBP1.55. The company has interests in two porphyry copper projects located in the Philippines on the island of Negros. It did not release any news this week that would explain the increase in its share price.

Sefton Resources (LSE:SER) experienced the day’s biggest decline. Its share price dipped 30 percent, to GBP0.18, following news that the oil and gas production company will be unable to complete the appointment of a new CEO until a legal dispute with a former board member is resolved. Until a new CEO is in place, the company cannot proceed with planned asset acquisitions. Sefton will continue to engage in due diligence for these new assets until a legal agreement is reached with the former board member.