Australia's Lithium Energy jumps on sale of lithium project to CNGR

LE Minerals

02/05/2024 04:28

** Shares of Lithium Energy  LEL.AX  rise as much as 36% to
A$0.680, posting their biggest intraday percentage gain since
May 1, 2023
    ** Stock hits its highest level since November 7, 2023
    ** Battery minerals explorer said on Tuesday it will sell
its Solaroz Lithium Project in Argentina to a unit of China's
CNGR Advanced Material Co  300919.SZ  for $63 mln
    ** Shares had been on a trading halt since Monday
    ** Over 2.4 mln shares change hands, compared with the
30-day average volume of around 102,000
    ** Stock up 1.2% YTD, based on last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))