Market Wrap – ASX micro to small-cap resources stocks
29 Jan 2015
The top riser of the day on ASX micro to small-cap resources stocks was Apollo Consolidated Limited (ASX: AOP) up 83% to close at $0.022. The company is a gold and nickel sulphide explorer focussed on projects in West Africa. The company recently commenced field work at its 100% owned Korhogo and Boundiali exploration permits in northern Cote d’Ivoire.
The biggest loser of the day was Stonewall Resources Limited (ASX: SWJ) down 76% to close at $0.045. Today, the company announced a combined Mineral Resource increase of 5.94% ounces gold at its projects and that it has entered into a new funding arrangement of up to A$13.5 million with an initial drawdown of A$1.5 million. The company also announced today that production has commenced at its TGME gold mine located in South Africa.
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