Australia's Challenger Exploration gains on drilling update in Ecuador

Challenger Gold

18/05/2023 06:12

** Shares of Challenger Exploration  CEL.AX  jump as much as
9.7% to A$0.17
    ** Stock on track for best session since May 8, if gains
hold
    ** Co says drilling at El Guayabo concession in Ecuador
continues to produce excellent results
    ** "The Phase 2 drill program was designed to allow the
reporting of a maiden mineral resource estimate", says co
    ** Trading vol about 1.5x the 30-day average
    ** Stock down ~11.4% so far this year, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))