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The Alternative Investment Market All-Share index continued to fall this week, losing 3.72 percent, or 26.98 points, to finish at 698.29 points.
The Alternative Investment Market (AIM) All-Share index (INDEXFTSE:AXX) continued to fall this week, losing 3.72 percent, or 26.98 points, to finish at 698.29 points.
Certainly, it’s been another tough week for the markets overall. Still, a number of resource stocks managed to see share price bumps for the week.
Shares of oil and gas company LGO Energy (LSE:LGO) rose nearly 30 percent last week, to GBX0.254, though there was no news from the company. North River Resources (LSE:NRRP) was also up, gaining 12.02 percent to end at GBX0.0725 for the week. The company is focused on developing its Namib lead–zinc project in Namibia.
On the downside, Magnolia Petroleum (LSE:MAGP) saw its share price drop 31 percent this week, to GBX0.20. On Wednesday, Gavin Burnell stepped down as chairman of the company’s board in order to pursue other business interests. Thomas Wagenhofer was appointed as chairman in his stead.
South Africa-focused iron ore company Ferrum Crescent (LSE:FCR) also fell 12.5 percent to close at $0.175 for the week. The company announced on Thursday that it has entered an agreement to extend the timetable for completion of Phase 1 of a bankable feasibility study for its Moonlight iron ore project in Limpopo.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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