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.

 

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