West Perth-based uranium and gold company GTI Resources Ltd has closed down in its ASX debut in a tough day for the market, after raising $3 million in its initial public offer for exploration and evaluation of its Western Australian projects.

West Perth-based uranium and gold company GTI Resources Ltd has closed down in its ASX debut in a tough day for the market, after raising $3 million in its initial public offer for exploration and evaluation of its Western Australian projects.