Australian minerals explorer Enova Mining jumps on Brazilian project drilling progress

Enova International

06/09/2024 03:09

** Shares of Australian exploration and prospecting stage
miner Enova Mining  ENV.AX  rise as much as 33.3% to A$0.012,
their biggest intraday pct jump since Feb 26
    ** Enova stock at its highest level since July 9
    ** More than 8.6 mln shares change hands, vs the 30-day
average of 1.7 mln shares
    ** ENV, which is exploring and drilling for critical
minerals in Australia and Brazil, announces "significant
exploration drilling advances" at its CODA rare-earths project
in Brazil
    ** Drilling uncovering "significant intercepts" of potential
rare-earth element mineralisation
    ** ENV stock down 40% this year, as of last close

    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))