Australia's Metalicity gains on receiving drilling approval for WA project

Arika Resources

19/04/2024 06:47

** Shares of Australia's Metalicity  MCT.AX  rise as much as
50% to A$0.003
    ** Stock at its highest level since April 3
    ** MCT set to snap two consecutive weeks of losses, gains
25% for the week, as of 0541 GMT
    ** Mineral explorer receives drilling approvals for first
drilling program at Yundamindra project in Western Australia
(WA)
    ** Adds drilling expected to commence in next 2-3 weeks
    ** Nearly 8.1 mln shares change hands vs 30-day average
volume of 3.8 mln shares
    ** Stock flat YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))