Positive economic data from China pushed London markets up on October 18. China’s economy grew by 7.8 percent during the third quarter of 2013 – a jump from the 7.5 percent growth seen in the second quarter. The Alternative Investment Market (AIM) was up at a high of 799.14 points – a rise of 5.91 points or 0.74 percent from the previous session.
Antrim Energy Inc. (LSE:AEY) was a top riser on the AIM today, gaining nearly 70 percent or GBP3.62 to hit a high of GBP8.88. Antrim Energy is an international oil and gas exploration and production company that operates around the globe.
Other mining companies fell, however, on the AIM today. Nyota Minerals Limited (LSE:NYO), an Australian-based gold exploration and development company, fell almost 16 percent on the AIM today, losing GBP0.23 to hit GBP1.21.
On October 17, the company announced it signed two agreements with a new development partner for the Tuli Kapi Gold project in Ethiopia. The agreements were for the sale of a majority stake in Nyota Minerals. Trading of the company’s shares was suspended on the AIM this week, but resumed as of the morning of October 17. However, company shares remain suspended on the Australian Securities Exchange, Nyota said.