Buying support from stockbrokers J.B Were & Sons stabilised the share price of gold explorer Helix Resources NL yesterday after Tuesday's share meltdown that wiped a quarter off the company's capitalisation.

After slumping from $4.99 to $3.67 a day earlier, Helix shares slipped a further 37c yesterday morning to a low of $3.30 before J.B. Were stepped in with buying support at around $3.50.