AIM Round-Up: Frontier Mining Rises 83 Percent

- February 27th, 2015

The Alternative Investment Market recovered from a Thursday dip to hit 713.38 points on Friday. Frontier Mining and Baobab Resources were the biggest gainers from the resource space.

The Alternative Investment Market (AIM) recovered from a Thursday dip to hit 713.38 points on Friday, up just under 1 percent from its previous close.

Those small shifts represent a market in flux. Widespread concern over the feasibility of the Greek debt bailout has stifled price growth, but many investors were positive following reports of improved French consumer spending, reported.

Copper producer Frontier Mining (LSE:FML) led the market’s top gainers, with its share price rising 83.33 percent to hit GBP0.06. Baobab Resources (LSE:BAO) posted the second-largest gain, with its share price reaching GBP5.38 for a 30.3-percent increase. The company is focused on resource development in Northern Mozambique.

The biggest drop hit Kea Petroleum (LSE:KEA), an oil and gas exploration company that maintains several New Zealand projects — its share price fell 22.64 percent, to GBP1.02. Another oil and gas exploration company, Clontarf Energy (LES:CLON), which holds projects in Ghana, Peru and Bolivia, also experienced losses, dropping 18.52 percent to close at GBP0.55.

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