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Scotgold Resources, Serica Energy and Beowulf Mining were all up on the AIM this week.
It was a tumultuous week for the Alternative Investment Market (AIM). The AIM All-Share index (INDEXFTSE:AXX) dropped off dramatically on Monday, and was down 0.5 percent, to 751 points, for the week overall.
A number of resource companies made it on the top gainers list for the index this week. Dual-listed exploration company Scotgold Resources (LSE:SGZ,ASX:SGZ) was up 27 percent on the AIM this week, closing at GBP0.74 per share. The company’s main focus is the Cononish gold–silver deposit, located in Scotland’s Grampian Highlands. Serica Energy (LSE:SQZ), an oil and gas exploration and production company based in London, was also up this week, rising 27 percent to GBP6.04. Serica has assets in the UK, Ireland, Morocco and Namibia.
Iron ore exploration and development company Beowulf Mining (LSE:BEM) was also a top gainer on the AIM this week. The company’s share price was up 20 percent at GBP1.50.
Meanwhile, Sovereign Mines of Africa (LSE:SMA), a gold exploration company focused on West Africa, lost 30 percent this week to end at GBP0.147. Gold exploration and production company Red Rock Resources (LSE:RRR) was also down for the week, losing 14 percent for the week to close at $0.029.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
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