Australia's Krakatoa hits 2-week high on lithium drilling expansion at WA project
24/11/2023 03:58
** Shares of Krakatoa Resources Ltd KTA.AX rise as much as
13.7% to A$0.058, their highest level since Nov 9
** Stock on track for a fifth straight weekly gain, adds
nearly 21% in value so far this week
** The mineral exploration co says it will expand drilling
at its King Tamba project in Western Australia
** Adds drilling expansion will help determine presence of
lithium in soil
** About 13.8 mln shares change hands, compared with the
30-day average volume of 11 mln shares
** Stock up 15.9% this year, as of last close
(Reporting by Megha Rani in Bengaluru)
((Megha.Rani2@thomsonreuters.com;))