Australia's Caspin Resources soars as Chalice reports high-grade minerals

Caspin Resources

15/11/2021 05:06

** Shares of palladium explorer Caspin Resources  CPN.AX 
rise as much as 26.5% to A$1.240, mark their biggest intraday
pct gain since May 24
    ** CPN has gained ~60% since Nov. 9 when Chalice Mining
 CHN.AX  reported maiden palladium, platinum and gold resource
estimate at Julimar Project deposit close to co's site, which
analysts said was "globally significant"  urn:newsml:reuters.com:*:nL4N2S00NN
    ** Australian stock exchange issues query on CPN to disclose
info that would explain its share movement
    ** Co says it is not aware of any company-related
announcement but shares could be influenced by CHN's filing
    ** Chalice shares rise up to 6.3% to a record high on
Monday, have rallied ~47% since last Tuesday
    ** Caspin hits over 4-month high, up for fifth straight day
    ** About 1.8 mln shares change hands, compared with the
30-day average volume of 311,374 shares
    ** Stock up 81.5% this year as of last close

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))