Australia's Forrestania Resources rises on option to acquire Netley Minerals

Forrestania Resources

28/05/2024 02:16

** Shares of Forrestania Resources  FRS.AX  rise as much as
263.2% to A$0.069, posting a record intraday percentage gain
    ** Stock hits its highest level since Sept 19, 2023
    ** The lithium, gold and nickel miner signs option to
acquire Netley Minerals, holder of one exploration licence for
mining iron ore in Western Australia 
    ** About 16.5 mln shares change hands, compared with the
30-day average volume of around 361,000
    ** Forrestania stock down 32.1% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))