Australia's Cauldron Energy jumps most in over 2 years on gold find in Victoria

Cauldron Energy

02/08/2022 05:48

** Shares of gold explorer Cauldron Energy Ltd  CXU.AX  rise
as much as 44.44% to A$0.013, their best session since March 24,
2020
    ** CXU says it intersected gold at Blackwood Gold Project in
Victoria  urn:newsml:reuters.com:*:nASX3TQyHw
    ** Current drilling project is being undertaken to
understand the gold distribution at Blackwood before a larger
scale exploration program- co
    ** Shares hit their highest levels since June 9
    ** More than 4.2 mln shares change hands, compared with the
30-day average volume of about 1 mln shares
    ** Stock has fallen about 69% this year as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))