Resource News

The Alternative Investment Market rose 4.11 points on Friday, and Minco, Kalimantan Gold and Alba Mineral Resources were up for the day.

On Friday, the Alternative Investment Market (AIM) rose 4.11 points, or 0.58 percent, hitting 718.69 points. Stocks in Europe benefited markedly from the Bank of Japan’s announcement of further easing measures, according to Investing.com. Financial stocks on London exchanges performed well on Friday, and mining stocks had mixed fortunes in the country.

Mineral exploration and development company Minco (LSE:MIO), which focuses on silver and base metals, rose 18.03 percent to trade at GBP1.80. Producer Kalimantan Gold (LSE:KLG) also rose, gaining 10.97 percent to trade at GBP1.72, while Alba Mineral Resources (LSE:ALBA), a holding company focused on base metals, rose 15.38 percent to trade at GBP0.75, rounding out the top resource gainers for the day.

Among the top fallers was Ireland’s Connemara Mining Company (LSE:CON), which fell 2.86 percent to trade at GBP1.70. Mineral exploration company Forte Energy (LSE:FTE) also lost, falling 13.16 percent to trade at GBP0.08.

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