Australia's Advance Metals gains on gold find at Victoria project

Advance Metals

18/03/2025 03:18

** Shares of Advance Metals AVM.AX jump as much as 12.5% to A$0.052, a peak since February 25

** Shares last up 8.7%

** Base metals explorer finds visible gold in two new holes at the Happy Valley Prospect of the Myrtleford Gold Project in Victoria, Australia

** Co entered into an agreement with Serra Energy Metals SEEM.CD in December 2024 to buy 80% stake via joint venture in the Myrtleford and Beaufort Gold Projects

** 10.7 mln shares change hands, 3.5x the 30-day average of three mln shares

** Stock up 47.1% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))