Australia's Los Cerros jumps most in about 2 yrs on copper-gold, nickels target buys

LCL Resources

25/11/2022 01:24

** Shares of Los Cerros Ltd  LCL.AX  jump as much as 30.6%
to A$0.047, biggest intraday pct gain since Jan 21, 2021
    ** Gold-copper explorer says it has acquired Papua New
Guinea focussed exploration co Footprint Resources Pty Ltd 
    ** Says acquisition will expose co to multiple exploration
targets within five large areas prospective for copper- gold and
nickel 
    ** Shares touch their highest since June 14
    ** Volumes are 16.3x the 30-day average of 1.5 mln shares
        ** Stock has gained 33.3% so far this week, set for best
week since April 9 if gains hold
    ** Stock has fallen 70% this year as of last close 
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))