Australia's Kopore Metals rises to 5-month high on license renewal

Barys Resources

17/11/2021 04:49

** Shares of Australia's Kopore Metals Ltd  KMT.AX  jump as
much as 17.2% to A$0.034 after co says it its mining licenses
have been extended
    ** Stock hits highest level since June 10
    ** The metals explorer says it has received confirmation
from Horseshoe Metals Ltd  HOR.AX  that nine prospecting
licenses have received a four-year extension of term
 urn:newsml:reuters.com:*:nASXbKNSd4 
    ** Kopore is in a joint venture with a unit of Horseshoe for
the exploration area covered under the licenses in Western
Australia
    ** Kopore stock set for biggest single-day percentage climb
since Nov. 4
    ** About 9.7 mln shares have changed hands, compared with
the 30-day average of about 1.5 mln shares 
    ** KMT up 70.6% so far this year, as of last close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))