King River Resources gains most in 8 months on positive aluminium test results

King River Resources

10/12/2021 03:14

** Shares of alumina miner  KRR.AX  soar as much as 17.4% to
A$0.027, on track for their sharpest single day pct gain since
March 25
    ** Says ongoing laboratory scale pilot plant testwork which
supports the definitive feasibility study for KRR's processing
plant of a variety of aluminium salt shows 99.999% purity
 urn:newsml:reuters.com:*:nASX5ScwL3
    ** Says co is also investigating to convert precursor
aluminium salt to other high purity aluminium based precursors
used in the lithium-ion battery and LED industries
    ** Shares hit their highest since Oct. 29
    ** More than 3.2 mln shares change hands, compared with the
30-day average volume of ~1.3 mln shares 
    ** Stock down 11.5% this year as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))