Krakatoa Resources hits 3-wk high on rare earth find at Western Australia tenement
02/05/2024 04:05
** Shares of Australia's Krakatoa Resources KTA.AX rise as
much as 100% to A$0.022, their highest level since April 11
** Stock posts its biggest intraday pct gain since April 11
** Mineral explorer posts stream & soil sampling results for
Mt Clare tenement located in north-western margins of Yilgarn
Craton in Western Australia (WA)
** Stream sediment & soil sampling resulted in
identification of significant niobium (Nb) and rare earth
element (REE) anomalous catchment area - KTA
** 37.8 mln shares change hands as of 0256 GMT, vs 30-day
average volume of about 3 mln shares
** Stock down 69.4% YTD as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))