Australia's Aruma Resources jumps on positive drilling results from REE project

Aruma Resources

06/03/2024 01:28

** Shares of Aruma Resources  AAJ.AX  rise as much as
31.3%to A$0.019, their biggest intraday gain since Jan. 11, 2023
    ** Stock hits its highest level since Feb. 8
    ** Mineral explorer reports positive drilling results from
its Salmon Gums Project in Western Australia
    ** Says drilling has found multiple high-grade clay rare
earth element (REE) intersects at project 
    ** Nearly 1.2 mln shares change hands, compared with the
30-day average volume of 197,620 shares
    ** Stock down 40.7% YTD as of last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))