London Mining Rises Most in Six Weeks as Liberum Says to Buy

Nov. 16, 2011 02:36PM PST

Bloomberg reported London Mining Plc (LSE:LOND) rose the most in six weeks after Liberum Capital Ltd. urged investors to buy the stock.

As quoted in the market news:

The company advanced 5 percent to 292.5 pence by the close in London trading, the biggest gain since Oct. 5, as the FTSE 350 Mining Index rose 0.1 percent. London Mining, seeking to become a 16 million metric-ton-a-year producer of iron ore by 2016, will begin output and shipments from Marampa next month, it said in presentation slides posted on the company’s website.

Click here to read the full Bloomberg report.

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