Aquila takes stake in Helix

SHARES in Helix Resources gained 15% yesterday after Aquila Resources snapped up a 6.4% stake in the iron ore play.

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Helix's share price closed the day up 4.5c to 34.5c, while Aquila gained 24c to close at $5.99. This morning, Helix gained a further 2.5c to 37c, while Aquila added 1c to $6.