Australia's Cygnus Metals up on finding pegmatite targets at Canada project

Cygnus Metals

04/07/2023 04:18

** Shares of critical minerals explorer Cygnus Metals
 CY5.AX  rise as much as 17.7% to A$0.300 - their highest since
June 14
    ** Co identifies multiple pegmatite targets at its Sakami
Lithium Project in James Bay, Canada
    ** Says exploration is scheduled to commence in August to
assist with further target generation
    ** Trading volumes nearly twice the 30-day average of
337,918 shares
    ** As of last close, stock down 32.9% YTD

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))