Apex Mining Shares Surge by 50% Daily Limit on Philippines Gold Discovery
July 23rd, 2010
Filed under: Operator - Apex Mines
Ian Sayson
Apex Mining Co., the Philippine gold producer, rose by the daily 50 percent limit in Manila after saying it may have found “high-grade” bullion in a mine in the south.
Apex Class A shares, reserved for Filipinos, gained 50 percent to 4.05 pesos at the noon close of trading in Manila. The stock had the sharpest gain since Dec. 2, 2004. The Class B shares, with no ownership restrictions, also jumped 50 percent to 3.75 pesos, the highest close since Sept. 18.
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