Australia's Enova Mining surges on saprolite clay find in Brazil

Enova Mining

27/12/2023 03:43

** Shares of Enova Mining  ENV.AX  rise as much as 23.5% to
A$0.021, its highest level since April, 27, 2022
    ** Rare earth elements explorer discovers outcrops of
saprolite clay within co's Poços REE project areas in Brazil
    ** Says discussions are underway to initiate a drilling
program as soon as feasibly possible
    ** Stock on track to post its biggest intraday pct gain in a
week, if current trends hold
    ** More than 48.2 mln shares change hands, compared with the
30-day average volume of 4.7 mln shares
    ** Stock up 13.3% YTD as of last close

    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))