Australia's Eminence Minerals rises on Brazilian project sale

Eminence Minerals

06/07/2026 02:07

** Shares of Eminence Minerals EMA.AX rise as much as 29% to A$0.049 in early trade, their highest level since June 17
** Stock logs its largest intraday pct jump since mid-January
** The mineral explorer signs binding asset sale agreement for the divestment of its non-core Mata da Corda critical minerals project in Brazil
** The company receives total cash consideration of $2 million
** More than 309,000 shares change hands vs 30-day avg volume of around 225,000 shares
** Stock down 31.8% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))