Market Wrap – 3 July 2014
03 Jul 2014
ASX micro to mid-cap resources stocks
Today’s top performer on the ASX micro to mid-cap resources sector was Red River Resources Limited (ASX: RVR) up 81% to close at $0.105. The company announced that it has entered into a binding Exclusivity Agreement with Kagara Limited (in Liquidation) to acquire certain base metals assets located in Queensland from Kagara.
The worst performer of the day was RMG Limited (ASX: RMG) down 50% to close at $0.001. The company announced its success in raising $2.8 million before expenses and its advanced discussions with joint venture partner, Chile Metals to acquire 100% of the Tuina Copper Project in northern Chile.