BUZZ-Australia's Olympio Metals soars on plans to buy copper-gold project

Reuters11-19 08:23

** Shares of Olympio Metals rise 61.8% to A$0.055, heading for their best session since early April 2023

** Stock hits highest level since July 5

** Aussie metal explorer signs option agreement to buy 80% interest in Dufay copper-gold project in Canada for C$75,000 ($53,479.75) from private vendors

** Adds co will issue 1 mln shares to vendors upon signing agreement

** Says acquisition represents a low cost addition to co's portfolio

** More than 80,000 shares change hands, 2.1 times the 30-day avg of about 38,900 shares

** OLY down 47.6% YTD, including current session's moves

($1 = 1.4024 Canadian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment