Aquila surges on corporate speculation

Aquila Resources Ltd has taken its share price gains to 30 per cent over the past week as the market speculates on corporate transactions following its appointment of two advisers.

Aquila announced last Tuesday the appointment of Citigroup Global Markets and Macquarie Capital Advisers to "advise the company on strategic options to enhance shareholder value".

Its share price rose 87 cents today to close at $16.27 - up from $12.51 prior to the announcement last Tuesday.