AIM Round-Up: Kibo Mining, Edenville Energy, Kea Petroleum Buck Trends

The Alternative Investment Market (AIM) gained 2.12 points, or 0.3 percent, to hit 712.35 points on Friday. Stocks in neighboring Europe also rose, according to Investing.com, on the release of strong German factory orders and remarks from European Central Bank President Mario Draghi about future stimulus levels.

However, mining stocks were lower overall, according to the news source, and large miners like Rio Tinto (LSE:RIO), Anglo American (LSE:AAL) and Randgold Resources (LSE:RRS) all fell in London.

Some resource companies on the AIM bucked the trend, including top gainer Kibo Mining (LSE:KIBO), a gold and nickel explorer with coal and uranium projects in Tanzania — it rose 25.36 percent to GBP6.55. Coal developer Edenville Energy (LSE:EDL) also gained, rising 25 percent to trade at GBP0.05, while oil and gas exploration company Kea Petroleum (LSE:KEA) rose 24 percent to hit GBP2.32.

On the downside, mineral exploration company Stellar Resources (LSE:STG) lost 30 percent to finish at GBP0.38, and coal miner Beacon Hill Resources (LSE:BHR) fell 20 percent to reach GBP0.02.