Australia's Adelong Gold hits near 8-month high on Victoria gold project buy

Great Pacific Gold

13/02/2025 01:00

** Shares of Adelong Gold  ADG.AX  rise as much as 63.6% to
A$0.009, their highest level since June 19
    ** Stock posts its biggest single-day since January 17,
2023; last up 45.5% 
    ** Gold explorer enters deal to buy a high grade gold
project in Victoria from a unit of Canada's Great Pacific Gold
Corp GPAC.V  
    ** Deal valued at A$700,000 ($439,670.00)
    ** About 55.1 mln shares change hands, vs the 30-day average
of nearly 937,000
    ** Stock up 60% this year, including the day's move


($1 = 1.5921 Australian dollars)

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