Australia's Hammer Metals hits over 3-1/2-month high on positive drilling results

Hammer Metals

04/12/2023 03:08

** Shares of Hammer Metals  HMX.AX  rise as much as 22% to
A$0.061, hitting their highest level since Aug 14
    ** Stock currently up 8%, sees best day since Nov 14, if
gains hold
    ** Diversified miner says favourable results received from
September drilling at its onshore projects in North Queensland
    ** Co adds copper-gold mineralisation zone extended after
result
    ** More than 3.9 mln shares change hands, compared with the
30-day average volume of 582,668 shares
    ** Stock has fallen 26.5% this year as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))