Australia's Eagle Mountain Mining rises on strategic review of US copper project

Eagle Mountain Mining

09/07/2024 04:04

** Shares of Eagle Mountain Mining  EM2.AX  rise as much as
15.4% to A$0.06, set for their best day since Apr. 29 - if
current gains hold 
    ** Stock hits highest level since June 7
    ** Copper-gold explorer says appointed advisors for a
strategic review of Oracle Ridge Copper project in Arizona, U.S
following unsolicited market approaches 
    ** Adds large high-priority copper porphyry-style targets
Confirmed at Silver Mountain project
    ** About 3.5 mln shares change hands, compared with the
30-day average volume of 648,112    
    ** Stock has fallen 30.2% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))