Though the recovery in the Eurozone is strengthening, according to Investing.com, stocks all over Europe slipped on Friday, just as their British counterparts did. Several factors contributed to that decline, including a drop in US factory output in January and rising jobless claims. In consequence, the Alternative Investment Market (AIM) fell 1.07 percent, or 9.28 points, to 861.21 points.
Oilex (LSE:OEX) rose 28.12 percent, or GBP1.44, to GBP5.12. The company, based in Australia, engages in the exploration, development and production of hydrocarbons. It has interests in projects in India, Australia and Oman. Alba Mineral Resources (LSE:ALBA) also rose, gaining 25 percent, or GBP0.09, to a price of GBP0.38. Alba is a holding company that focuses on uranium, gold, nickel and base metals.
Not faring so well was Strategic Minerals (LSE:SML), which dropped 29.04 percent, or GBP0.62, to a price of GBP1.51. Strategic Minerals is a holding company of an Australia-based subsidiary that has a permit for an exploration tenement in Queensland, Australia.