Australia's Itech Minerals gains on drilling results

Itech Minerals

12/01/2022 04:18

** Miner's shares  ITM.AX  up as much as 11.90% at A$0.24,
marking its best day since Nov. 12
    ** Company says final batch results from drilling https://www.itechminerals.com.au/investorarticles/finalresamplefromethiopiakaolinprospect
 at Ethiopia Prospect in Eyre Peninsula, South Australia have
confirmed thick high-grade rare-earth elements
    ** About 1.3 mln shares change hands vs 30-day avg of
223,375 shares
    ** Stock hits highest since Dec. 13
    ** Company's shares fell 11.1% in 2021 since October debut

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com))