Australia's Falcon Metals surges on mineral sands find

Falcon Metals

28/05/2024 03:49

** Shares of Falcon Metals  FAL.AX  rise as much as 68.75%
to A$0.27, their highest level since June 1, 2023
    ** Stock up 50% to A$0.24, on track for its best day since
Feb 14, 2023, if gains hold
    ** The gold explorer says made high-grade mineral sands
discovery at its Farrelly Mineral Sands Prospect in Victoria in
southeastern Australia
    ** About 2.1 million shares changed hands by 0241 GMT, 16.5
times the 30-day average volume of shares
    ** Stock has risen 10.34% this year, as of last close

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