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AIM Round-Up: Hurricane Energy Up on Successful Flow Testing at Lancaster
Jun. 27, 2014 11:10AM PST
Resource Investing News The Alternative Investment Market in London was up this week, with London Mining, Hurricane Energy, Clontarf Energy and Sirius Petroleum seeing gains.
This week, the Alternative Investment Market (AIM) in London was up 0.04 points, at 825.42 points, with the market hitting a low of 778.52 points and a high of 780.56 today.
European stocks rose on Friday after French consumer data revealed an increase in spending, according to Investing.com. Additionally, stocks were buoyed by lower-than-expected US spending data, which indicates the Federal Reserve will likely continue to keep interest rates low.
London Mining (LSE:LOND), which develops iron mines for the steel industry, saw significant gains today. It rose by GBP7.75, or 26.05 percent, to reach GBP37.50.
Additionally, a number of oil and gas companies were up today. Hurricane Energy (LSE:HUR), which on Thursday reported successful testing at its Lancaster fractured basement oil discovery, climbed 21.59 percent, or GBP7.88, to reach GBP44.38. Clontarf Energy (LSE:CLON), an emerging oil and gas company focused on Africa and South America, also saw notable gains, rising GBP0.22, or 19.48 percent, to reach GBP1.37, while Sirius Petroleum (LSE:SRSP) saw an increase of GBP0.51, or 15 percent, finishing at GBP3.91.
However, a few mining companies fell today. Among those that did so was Pathfinder Minerals (LSE:PFP), which sank by GBP0.16, or 32.63 percent, to reach GBP0.32.