News Column

AIM Round-Up: European Stocks Pressured by Gaza Strip Tension

July 25, 2014

Staff Writer

Today, the Alternative Investment Market (AIM) in London is  down 0.19 points, at 773.05 points. The market hit a low of 772.62 points and a high of 774.3 points over the course of the day.

European stocks fell today amid tension in Ukraine and the Gaza Strip, according to Two Ukrainian fighter jets were shot down on Wednesday, and the Ukrainian prime minister resigned. Mining stocks in London declined somewhat amid the general reduction in share value.

That said, two resource companies still saw gains. Rose Petroleum (LSE: ROSE), a company that drills for US resource plays, increased by GBP0.30, or 7.89 percent, to reach GBP4.10. The company added an additional 35,000 acres to its Paradox Block in Emery County, Utah this May.

Meanwhile, Edenville Energy (LSE: ED), which mines Tanzania’s Rukwa coalfields (Mkomolo, Namwele and Muze), rose by GBP0.01, or 11.82 percent, to reach GBP0.06. The company has 173 million tonnes of mineable coal at Mkomolo, Namwele and Muze combined; 57.5 million tonnes of that amount are measured and indicated at 17.42 megajoules per kilogram.

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Source: Investing News Network

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