Australia's Critical Resources climbs on lithium hits at Canada project

Critical Resources

13/09/2022 04:44

** Shares of lithium exploration firm Critical Resources
 CRR.AX  rise as much as 42% to A$0.072, eyeing their best day
since Dec. 10, 2020
    ** CRR says it has recorded "thick, high-grade" lithium
intercept at its Mavis Lake lithium project in Canada
 urn:newsml:reuters.com:*:nASX49Y55k
    ** Stock hits its highest since June 3
    ** Says latest round of drilling at Mavis Lake project
struck lithium oxide grades of up to 4.32%
    ** CRR says intercepted lithium is the highest-grade lithium
results in Mavis Lake's history
    ** More than 106.8 mln shares change hands, vs the 30-day
average volume of 9.7 mln shares
    ** Stock has risen 31.6% this year, as of last close

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))