Australia's Greenvale Energy hits 5-1/2-year peak on stake sale in US project
10/08/2020 05:25
** Shares of Greenvale Energy GRV.AX rise as much as 60.6%
to A$0.053, their highest since Dec. 31, 2014
** Co says it finalised terms to sell its 25% interest in
the Gold Basin project in Arizona, United States to Fiorentina
Minerals Inc FLO.CD urn:newsml:reuters.com:*:nASX3Ky2br
** Co says sale will result in a profit of about $1.14 mln
** Stock posts its biggest intraday percentage gain since
March 10, 2016
** About 1.8 mln shares change hands, compared with the
30-day average of about 268,000 shares
** Stock's price has more than doubled in value this year,
as of last close
(Reporting by Soumyajit Saha in Bengaluru)
((Soumyajit.Saha@thomsonreuters.com;))