AIM Round-Up: Slight Drop for AIM, Sable Mining Africa Leads Gains

On Friday, the Alternative Investment Market (AIM) was down 0.03 percent, or 0.18 points, at 696.37 points, despite the European Central Bank (ECB) announcing quantitative easing measures.

In neighboring Europe, stocks shot up on news that the ECB will undertake quantitative easing measures to support equity markets, according to Investing.com. ECB President Mario Draghi indicated that it wil purchase 60 billion euros worth of assets each month starting in March through late 2016. Stocks in London tracked their European neighbors earlier in the day, though that did not last. Furthermore, many major miners were lower on Friday, impacting commodities-heavy indexes.

Iron ore developer Sable Mining Africa (LSE:SBLM) led the gainers on the AIM on Friday, up 233.33 percent at GBP2.60. Though far behind in terms of percentage gains, oil and gas company San Leon Energy (LSE:SLE) also rose, increasing 22.22 percent to GBP1.10.

Frontier Mining (LSE:FML), an exploration and development company working in Kazakhstan, lost 30 percent to trade at GBP0.18 on Friday. Explorer Scotgold Resources (LSE:SGZ) also lost, dropping 26.42 percent to GBP0.98.