AIM Round-Up: Ithaca Energy Gains 42 Percent on Operations Update

- October 9th, 2015

The Alternative Investment Market finished the week up 0.91 percent, and shares of Ithaca Energy and Greatland Gold were part of that rise.

The Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) was up 0.91 percent this week, finishing at 736.1 points.
Several resource companies also saw their share prices rise this week. Ithaca Energy (TSX:IAE) gained 42 percent to finish at GBP0.98. The company put out an operations update for the third quarter on Monday, reporting average year-to-date production of 12,300 barrels of oil equivalent per day.
Also on the rise was Greatland Gold (LSE:GGP), which was up 14.68 percent, at GBP0.0711. Greatland recently announced it will be changing its strategy to focus on more advanced exploration assets.


Losing over the week was fluorspar-focused Tertiary Minerals (LSE:TYM). The company saw its share price drop drastically on Tuesday after it announced plans to place another 28,888,889 new ordinary shares on the market. Overall, shares of Tertiary lost about 35 percent to close at GBP1.25 for the week.
Caza Oil & Gas (LSE:CAZA) was down again this week, losing 11 percent to finish at GBP0.66. The oil and gas exploration and production company’s share price dropped last week after the company announced a potential equity financing. There has been no additional news to explain this week’s drop.
 
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

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