Australia's Austin Metals rises on gold finds at WA project

Austin Metals

14/03/2022 04:09

** Shares of base metal explorer Austin Metals Ltd  AYT.AX 
rise as much as 13% to A$0.026, mark their biggest intraday pct
gain since Jan. 17
    ** Co completes expanded gravity survey at its Austin Gold
Project in Western Australia, identifies multiple new gold
targets  urn:newsml:reuters.com:*:nASX1QlHJ1
    ** Says drilling is expected to commence this week
    ** Shares hit their highest since Feb. 18
    ** About 2.8 mln shares change hands, 3.7 times the 30-day
average of 746,143 shares
    ** As of last close, stock down 20.7% this year 

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))