Australia's Larvotto Resources eyes best day in nearly 5 months on $8 mln funding

Larvotto Resources

20/03/2024 03:29

** Shares of Larvotto Resources  LRV.AX  rise as much as
43.1% to A$0.093
    ** Stock set for best day since Oct. 30, 2023 if gains hold 
   
    ** Commodities explorer receives an $8 mln funding package
for development of Hillgrove Antimony/Gold Mine in New South
Wales
    ** Term sheet signed with Xcelsior Capital Limited and Wogen
Resources
    ** Stock hits highest level since Nov. 30, 2023    
    ** Over 4 mln shares change hands, compared with the 30-day
average volume of 303,698
    ** LRV down 7.1% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))