Australia's Dynamic Metals jumps on lithium project stake sale

Dynamic Metals

15/07/2024 02:54

** Shares of Dynamic Metals  DYM.AX  rise as much as 25.9%
to A$0.170, posting their biggest intraday gain since March 5
    ** Stock hits its highest level since May 29
    ** Lithium explorer says it has completed its sale of 40%
stake in its Widgiemooltha project in Western Australia to
Mineral Resources  MIN.AX  for A$5 mln ($3.38 mln)
    ** About 218,000 shares change hands, compared with the
30-day average volume of around 26,000
    ** Stock up 21.4% YTD, including session's moves


($1 = 1.4780 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))