BUZZ-Australia's PhosCo jumps most in 10 years on permit, MoU with Tunisia

Reuters11-26

** Shares of PhosCo jump as much as 70% to A$0.068, its biggest intraday pct jump since early Nov. 2014

** Stock hits highest since Jan. 25

** Mineral explorer receives approval for the Gassaat Phosphate Exploration Permit from Tunisia's Consultative Committee of Mines

** Also signs MoU with the Tunisian Ministry of Industry, Mines and Energy and the European Bank for Reconstruction and Development

** Permit and MoU for the exploration and development of co's Northern Phosphate basin in Tunisia

** More than 165,000 shares change hands vs 30-day avg volume of around 123,000 shares

** Stock flat so far this year, including current session's moves

(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