Australia's Kingsrose Mining rises on deal to sell Indonesian project

Kingsrose Mining

04/10/2022 03:50

** Shares of Kingsrose Mining  KRM.AX  rise as much as 6% to
A$0.053, set to mark their best day since Aug 16, if gains hold
    ** The mineral explorer enters a binding and conditional
agreement with Capwill Global Ltd for the sale of Way Linggo
gold project in Indonesia
    ** Under deal, Capwill is set will pay Kingsrose about $7.5
mln 
    ** Stock hits highest level since Sept 21
    ** More than 1.5 mln shares change hands, compared with the
30-day average of about 860,000 shares 
    ** As of last close, stock down ~41.9% this year
 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))