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Legend Mining Ltd's shares leap higher

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Legend Mining Ltd (ASX:LEG) has responded to an ASX Price and Volume Query following the company's shares jumping 62.5% to $0.013, compared to the closing price on the 5th August 2016.

Legend replied that it is not aware of any reason for the share price movement.

Earlier in the week the company provided an update on its financial position, which includes $8.5 million in cash, $0.6 million in liquids and a $3 million receivable.

The company is focused on exploration at its Rockford Project in the Fraser Range of Western Australia, and recently encountered several similarities to a Nova-Bollinger style system from diamond drilling.

Assays are currently pending from a two hole drilling program.

 

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Quick facts: Legend Mining Limited

Price: 0.042 AUD

ASX:LEG
Market: ASX
Market Cap: $99.63 m
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