Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers.

Data is taken at the market close – at 4.10pm AEDT.

Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.

WINNERS

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Copper explorer Helix Resources (ASX:HLX) led the pack today, after announcing a $4m capital raise to finance additional drilling efforts at its Canbelego project in NSW following some sizeable copper hits in recent weeks.

The funds were raised at 2.7c and HLX promptly ripped higher to close at 5.1c, leaving investors in the round with a handy intraday gain of 89 per cent.

Also rising strongly was copper-gold minnow Eastern Iron (ASX:EFE), which had previously announced an entitlement offer looking to raise $1,072,370 from investors at 0.8c per share.

Of the 134,046,386 shares offered, only around 44m shares were taken up leaving EFE with a shortfall of 90,324,878. However, the offer was fully underwritten by CPS Capital Group which will now step in to pick up the slack.

Shares in EFE closed at 1.4c, a gain of 75pc from the offer price.

LOSERS

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