Australia's Peak Minerals climbs on offshore uranium project acquisition

Lion Rock Minerals

05/07/2024 03:02

** Shares of Peak Minerals  PUA.AX  rise as much as 66.7% to
A$0.005, their highest level since June 3
    ** Stock currently up 50%, set for best day since May 8, if
current gains hold
    ** Specialty miner to acquire of 80% of offshore uranium
project in West Africa
    ** However, co proposes to raise around A$1.7 mln($1.14 mln)
through placement for acquisition
    ** Around 33.0 mln shares change hands, compared with the
30-day average volume of 2.1 mln shares
    ** Stock flat this year as of last close


($1 = 1.4854 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))