Market Wrap – ASX Micro to Mid-Cap Resources Stocks
11 Aug 2014
The best performer of the day was Rubianna Resources Limited (ASX: RRE) up 56% to close at $0.014. The company recently completed a placement to raise $713,000 to fund the rationalisation of the company’s tenement holding. A board structure also took place during the June 2014 Quarter with the resignation of Steve Batty and Graeme Smith and the appointment of Ian Hobson and Philip Crutchfield.
The worst performer of the day was Laneway Resources Limited (ASX: LNY) down 50% to close at $0.001. The company recently raised $400,000 to fund exploration activities and project approvals at the Agate Creek Gold Project located in North Queensland.
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.