Kingfisher Mining posts record gain on rare earths find in Western Australia

Kingfisher Mining

20/06/2022 04:03

*** Shares of mineral exploration company Kingfisher Mining
 KFM.AX  climb as much as 45.8% to A$0.35, eyeing a record pct
rise, if gains hold
    ** Kingfisher says high grade rare earth elements confirmed
at Mick Well in Western Australia  urn:newsml:reuters.com:*:nASX31kqJR
    ** Co says mineralisation composed of substances used for
production of neodymium and praseodymium, which are used in
electric vehicles 
    ** Stock hits highest value since June 6
    ** More than 571,000 shares change hands, compared with the
30-day average volume of about 127,500 shares
    ** Stock has risen 23.1% this year as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))