Australia's Gold Road Resources jumps on investment in De Grey Mining

Gold Road Resources

10/05/2024 07:00

** Shares of Gold Road Resources  GOR.AX  rise as much as
5.2% to A$1.630, their biggest intraday gain since April 2
    ** Stock hits its highest level since May 2
    ** Gold miner says it will subscribe to 46.2 mln shares in
fellow gold miner De Grey Mining  DEG.AX  at A$1.10 per share
    ** DEG drops as much as 9.09%, its biggest intraday decline
since Nov. 16, 2022
    ** About GOR 6.2 mln shares change hands, compared with the
30-day average volume of around 5.8 mln shares
    ** GOR Stock down 21.1% YTD as of last close



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