AIM Round-Up: Independent Resources Up 20 Percent

Resource Investing News

The Alternative Investment Market fell 0.26 percent, or 1.84 points, to 695.62 points on Friday. Independent Resources was the sole resource company that gained, rising 23 percent.

The Alternative Investment Market (AIM) fell 0.26 percent, or 1.84 points, to 695.62 points on Friday. Stocks in neighboring Europe were mixed as investors awaited news about additional quantitative easing measures from the European Central Bank. Investors were also cautious about a report on Eurozone inflation due out later in the day.

In London, financial stocks fared poorly, while commodities stocks did well, according to Investing.com, with BP (LSE:BP,NYSE:BP) leading gains on the commodity-heavy FTSE 100 (INDEXFTSE:UKX).

One of the top gainers on the exchange was Independent Resources (LSE:IRG), a holding company that appraises and develops oil and gas projects through its subsidiaries. The company gained 23.08 percent to trade at GBP2. Independent Resources was the sole resource company to reach the list of top gainers on the AIM on Friday.

On the downside, renewable biomass company Helius Energy (LSE:HEGY) lost 23.23 percent on Friday to trade at GBP1.90. Iron, copper and gold explorer Beowulf Mining (LSE:BEM) also lost, dropping 15.06 percent to trade at GBP1.41. Finally, Polemos (LSE:PLMO), a company interested in acquiring interests in oil and gas assets in Africa, lost 13.33 percent to trade at GBP0.6.