BUZZ-Australia's Aguia Resources up after investor raises stake

Fri Jun 5, 2015 1:39am EDT
 
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** Fertiliser developer Aguia Resources Ltd rises as much as 6.2 pct to highest since May 27

** Company reports that its strategic investor, Sulliden Mining Capital Ltd has increased its shareholding in the company to 16.84 pct from 15.75 pct

** Also confirms that its preliminary economic assessment for the Tres Estradas project is expected to be released in July

** Company's current ROE of -44.62 pct is lower than sector average of -42.11 pct (Reuters Messaging: arnab.paul.thomsonreuters.com@reuters.net)