Valor Resources Ltd's (ASX:VAL) shares last traded at $0.028, or four times higher than their valuation just one month ago, with the re-rating following some high-grade drilling results from the Berenguela Copper-Silver Project in Southern Peru.
Highlights included: 55 metres at 1.87% copper and 251.90g/t silver.
Valor is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Tuesday 19th September 2017, or earlier if an announcement is made to the market.