Australia's Desert Metals jumps most in 3 months on gold-lithium funding

Desert Metals

06/12/2023 03:16

** Shares of Desert Metals Ltd  DM1.AX  rise as much as
74.4% to A$0.068, their biggest intraday pct gain since Sept. 1,
if gains hold
    ** Stock posts its highest since Sept. 8
    ** Co says it received firm commitments of A$3.75 million 
($2.47 million) for over-subscribed capital raising to support
Côte d’Ivoire gold and lithium acquisition in Western Australia
    ** About 1.8 mln shares change hands, compared with the
30-day average volume of 38,139 shares
    ** Stock down 80.3% YTD as of last close


($1 = 1.5179 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))