Australia's EQ Resources eyes best day in nearly 9 years on buying Tungsten Metals

EQ Resources

18/11/2024 01:30

** Shares of EQ Resources  EQR.AX  up 15.2% at A$0.053, on
track for best day since Feb. 19, 2016 - if current gains hold
    ** Tungsten mining co to acquire 100% interest in Tungsten
Metals Group 
    ** Says enterprise value of Tungsten Metals Group determined
at A$13.5 mln ($8.74 mln)
    ** About 12.2 mln shares change hands by 0111 GMT, 22.7
times the 30-day average volume of shares
    ** Stock had fallen 19.3% this year, as of last close

($1 = 1.5442 Australian dollars)

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