Market Wrap – 9 July 2014

09 Jul 2014

ASX micro to mid-cap resources stocks

The best performer of the day was Renascor Resources Limited (ASX: RNU) up 40% to close at $0.049. Today, the company announced the commencement of a new phase of exploration at 1050 East and Angle Dam Fault Trend located in the Eastern Eyre Peninsula in South Australia. The program is designed to define massive sulphide copper mineralisation as well as additional copper prospects.

The worst performer of the day was Arc Exploration Limited (ASX: ARX) down 20% to close at $0.004. The company was recently granted a new exploration permit in the Mount Garnet gold mining district of Far North Queensland.

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