Australia's Gold 50 rises on U.S. gold project acquisition

G50

09/11/2022 04:03

** Shares of Gold 50 Ltd  G50.AX  rise as much as 75% to
A$0.175, on track to see their best day of all time if gains
hold 
    ** Precious metals miner says co to acquire high-grade White
Caps Gold Project in Nevada, U.S.  
    ** Says co will make an initial payment of $500,000 to
private vendors 
    ** Stock hits highest since Aug. 22 
    ** More than 85,000 shares traded compared to the 30-day
average trading volume of 5,800 shares  
    ** Shares down 60% YTD as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))