AIM Round-Up: Strategic Minerals Jumps 37 Percent

Dec. 19, 2014 09:45AM PST

The Alternative Investment Market rose 0.48 percent, or 3.29 points, on Friday. Meanwhile, Strategic Minerals and Rare Earth Minerals both rose over 20 percent.

Friday saw the Alternative Investment Market (AIM) rise 0.48 percent, or 3.29 points, to a value of 692.22 points.

Stocks rose across neighboring Europe and worldwide after the US Federal Reserve said it will be patient before it raises interest rates; many believe a rise will come in April at the earliest, according to Investing.com. In other global economic news, German consumer climate data was stronger than analysts expected. These factors helped boost markets across Europe and the world.

Mineral exploration and development company Strategic Minerals (LSE:SML) rose as much as 37.1 percent to trade at GBP0.42, closing at GBP0.40. Developer and miner Rare Earth Minerals (LSE:REM) hit a price of GBP1.08 after a rise of 22.86 percent.

Holding company Alba Mineral Resources (LSE:ALBA), on the other hand, fell 24.99 percent to trade at GBP0.319. Also among the fallers today was Mosman Oil and Gas (LSE:MSMN), which lost 3.7 percent to trade at GBP9.75.

lse:rem europe rare earth minerals