Australia's Koonenberry Gold hits over 1-year high on upbeat drilling results

Koonenberry Gold

02/04/2025 02:07

** Shares of Koonenberry Gold KNB.AX rise as much as 39% to A$0.057, their highest levels since January 19, 2024

** Stock posts its biggest intraday percentage gain since October 17, 2024

** The gold explorer reports positive drilling results from its Enmore gold project in New South Wales

** Says results show the project's potential to host broad intervals of gold mineralisation and high-grade gold zones

** About 34.4 million shares change hands, vs the 30-day average of around 4.7 million

** Stock up 330.8% this year, including the day's move

 (Reporting by Aaditya Govind Rao in Bengaluru)

 ((Aaditya.govindrao@thomsonreuters.com;))