Australia's Enova Mining hits near 2-1/2-yr high on saprolite clay find in Brazil

Enova Mining

06/02/2024 02:37

** Shares of Enova Mining  ENV.AX  rise as much as 22.7% to
A$0.027, their highest level since Sept. 20, 2021, gaining for a
fourth consecutive session
    ** Shares of co on track for its best day since Dec. 27,
2023, if gains hold
    ** Rare earth elements explorer says its Phase 1 exploration
program has discovered large scale surface saprolite clay system
at its Pocos REE Project in Brazil
    ** About 29.1 mln shares change hands at 0213 GMT, 1.8 times
the 30-day average volume of shares
    ** Stock has risen 46.7% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))