Australia's Dreadnought Resources up most in over 2 months on rare earth find

Dreadnought Resources

12/10/2022 05:00

** Shares of Dreadnought Resources  DRE.AX  jump as much as
22.1% to A$0.105, seeing their best day since July 28 - if gains
hold 
    ** The mineral explorer says it has confirmed thick,
high-grade rare-earth element mineralization at Yin ironstone
discovery in Western Australia
    ** Shares hit highest since Oct. 7 
    ** About 36 mln shares change hands, 2.4 times the 30-day
average volume of about 15 mln shares 
    ** Stock has doubled this year, as of last close
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))