Australia's Enegex hits over 31-month high on buying Ivory Coast gold projects

Famien Resources

23/09/2025 03:30

** Shares of Enegex ENX.AX rise as much as 66.7% to A$0.040, their highest level since January 30, 2023

** Stock's biggest intraday pct gain since September 21, 2020

** Diversified miner agrees to buy Famien

Resources Pty, acquire its gold mining portfolio in Ivory Coast

** Consideration to be satisfied via issue of 80 mln of co's shares to Famien shareholders

** Around 5.7 mln shares change hands, around 103.9x 30-day avg trading volume

** YTD, stock has doubled in value, including session's gains

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))