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The Alternative Investment Market rose 3.13 points, or 0.45 percent, to 705.13 points on Friday. Orogen Gold was the top gainer, rising 50 percent, while Independent Oil and Gas gained 22 percent.
The Alternative Investment Market (AIM) rose 3.13 points, or 0.45 percent, to 705.13 points on Friday. Stocks in neighboring Europe opened higher after European Central Bank President Mario Draghi made remarks that indicate the possibility of quantitative easing measures in the near future, Investing.com reported.
“We are in technical preparations to alter the size, speed and composition of our measures at the beginning of 2015, should this become necessary, to react to a too-long period of low inflation,” Draghi told Handelsblatt, a German newspaper.
In London, miners and energy companies were generally higher. On the AIM, the top gainer was Orogen Gold (LSE:ORE), a gold explorer working in Serbia. The company rose 50 percent to trade at GBP0.08. Energy company Independent Oil and Gas (LSE:IOG) also gained today, rising 22.22 percent to hit GBP8.25.
On the downside, TomCo Energy (LSE:TOM), which develops oil shale leases, lost 6.71 percent to trade at GBP0.38. Metals developer and miner Oxus Gold (LSE:OXS) also fared poorly, dropping 15.25 percent and reaching GBP2.50.