Krakatoa Resources eyes best day in 9 yrs on rare earth element find
12/04/2022 05:20
** Shares of Krakatoa Resources KTA.AX more than double to
A$0.13, hitting their highest since October 2020
** Co to mark its best trading session since February 2013,
if gains hold
** Co says results from first batch of reconnaissance
drilling geochemical analysis at Mt Clere project in Western
Australia showed significant and widespread clay hosted ionic
rare earth elements urn:newsml:reuters.com:*:nASX4v7vBF
** Nearly 80 mln shares have changed hands, compared with
the 30-day average of 589,689 shares
** Stock is up 20.4% so far this year, as of last close
(Reporting by Navya Mittal in Bengaluru)
((navya.mittal@thomsonreuters.com))