Australia's Emmerson Resources gains on JV partner's takeover

Emmerson Resources

06/11/2024 01:52

** Shares of Emmerson Resources  ERM.AX  rise as much as
8.7% to A$0.050, highest since Sept. 24
    ** Mineral explorer gets Pan African Resources'  PAFR.L 
intention to buy joint venture partner Tennant Consolidated
Mining Group
    ** ERM has not disclosed any financial details
    ** Over 920,237 shares traded, 5.2x the 30-day avg
    ** ERM down ~17% YTD

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