Market Wrap – 28 July 2014
28 Jul 2014
ASX micro to medium capital resources stocks
Today’s top performer was Voyager Resources Limited (ASX: VOR) up 100% to close at $0.002. The company released its June 2014 Quarterly Report on 25 July 2014. Highlights include the transfer of Xstrata’s copper property portfolio Do Brasil Exploracao Mineral Limited expected to be completed in the coming months. The company had $0.2 million cash at the end of the quarter.
The worst performer was Gulf Minerals Corporation Limited (ASX: GMC) down 33% to close at $0.002. The company announced that as a lead up to its application to the Singapore Stock Exchange for dual listing, it will seek shareholder approval to consolidate the company’s current large number of ordinary shares and options on a 1 for 50 basis.
Resources Stocks To Watch is first in resources research on ASX micro to medium capital stocks. Find out what’s hot and what’s not in the resources sector.