Australia's LCL Resources rises on Colombian asset sale

LCL Resources

07/05/2025 05:46

** Shares of LCL Resources LCL.AX rise 16.7% to A$0.007

** Stock up as much as 66.7% to A$0.01 in early trade, its largest intraday pct gain since January 2021

** The diversified miner agrees to increase in sale consideration for its Colombian assets to private entity Tiger Gold Corp

** Sale consideration hiked to A$14 million ($9.07 million) from A$10 million

** About 14.8 million shares change hands, 13.7 times the 30-day average volume

** LCL stock down 30% YTD, including current session's moves

($1 = 1.5427 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))