ASX GURU:One of the top percentage gainers today was Apollo...

ASX GURU:

One of the top percentage gainers today was Apollo Consolidated Limited (AOP). Almost 80 million shares were traded today and the share price surge to highs of 1.4c before late profit taking saw the stock close at 1.1c.

The surge in the share price and trading volume caught the attention of the ASX and the reply referred to the recent political turmoil in Cote D?Ivoire. Apollo Consolidated recently entered into an option agreement to acquire a highly prospective gold exploration portfolio.

Despite the late sell-off today, my view is that a substantial recovery is highly likely in the near future.