Australia's Asara Resources rises on sale of non-core West African gold projects
15/07/2024 05:10
** Shares of Asara Resources AS1.AX rise as much as 22.2%
to A$0.011, their highest since July 2
** Stock posts its biggest intraday pct gain since April 24
** The gold explorer says it will sell its non-core Kouri
and Babonga gold projects in Burkina Faso, West Africa to
private gold explorer BIC West Africa for A$2.2 mln ($1.49 mln)
** Says funds to be used to advance the Kada Gold Project
(Kada) in eastern Guinea
** About 1.9 mln shares change hands, compared with the
30-day average volume of 488,790
** Stock has fallen 10% this year, as of last close
($1 = 1.4758 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))