Australia's Hot Chili gains most in eight months on MoU with Chilean port operator

Hot Chili

14/03/2024 01:26

** Shares of Hot Chili  HCH.AX  rise as much as 11.7% to
A$1.05, posting their biggest intraday percentage gain since
July 4, 2023
    ** Stock hits its highest level since March 6
    ** The copper explorer executes a Memorandum of
Understanding (MoU) with Chile's port operator Puerto Las Losas
    ** Adds MoU is to negotiate a binding Port Services
Agreement for co's Costa Fuego copper-gold project in Chile
    ** Nearly 300,000 shares change hands, compared with the
30-day average volume of 175,708
    ** Stock down 13% YTD, based on last close



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