Australia's Estrella Resources rises most in over 5 months on nickel-copper discovery

Estrella Resources

27/10/2021 06:02

** Shares of nickel miner Estrella Resources Ltd  ESR.AX 
soars as much as 36.1% at A$0.049, marking their biggest
intraday jump since May 20
    ** Co says it intersected a new zone of massive
nickel-copper sulphides at Broonhill Australia (https://bit.ly/3Gtn9Ek)
    ** Adds that the discovery follows a 10-metre zone of
nickel-copper sulphides including 2-metres of basal massive
sulphides
    ** Hits its highest level since Sept. 15
    ** Stock sees busiest trading day since Oct. 2020 - around
102.5 mln shares traded Vs their 30-day moving average of ~2.5
mln shares 
    ** Stock down 48.6% this year as of last close 
    

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com))