Australia's Enova Mining soars on Brazil rare earth project acquisition

Enova Mining

26/02/2024 02:25

** Shares of Australia's Enova Mining  ENV.AX  rise as much
as 50% to A$0.045, highest since January 2021
    ** Stock posts its biggest intraday pct gain since Dec. 20,
2023
    ** Rare earth elements explorer says it entered into binding
agreement to acquire 100% of CODA Rare Earth Prospects, a ionic
clay rare earth project, in Minas Gerais, Brazil
    ** About 44.4 mln shares change hands, vs the 30-day average
volume of 11.8 mln shares
    ** Stock had doubled in value this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))