Australia's eMetals rises on Uganda gold project stake purchase

Emetals

26/07/2024 04:11

** Shares of eMetals  EMT.AX  rise as much as 25% to A$0.005
    ** Stock posts its biggest intraday pct gain since July 16
    ** Mineral explorer announces acquisition of an interest in
Mubende gold project in central Uganda through the purchase of
80% stake in Sifang Mineral Resources 
    ** Co did not provide any transaction value
    ** About 4.7 mln shares change hands, compared with the
30-day average volume of 1.1 mln
    ** Stock has fallen 42.9% this year, as of last close

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