Australia's Redstone Resources rises on acquisition of gold, lithium projects
18/06/2026 05:06
BUZZ-Australia's Redstone Resources rises on acquisition of gold, lithium projects ** Shares of Australia's Redstone Resources RDS.AX rise as much as 100% to A$0.004, their biggest intraday pct gain since April 2025
** Shares hit their highest level since May 26
** The base, precious metals and lithium company acquires a portfolio of gold, lithium, copper and base metals exploration projects located in Greenfields, Western Australia
** Acquisition from private exploration company, Hurricane Prospecting, for A$225,000 ($158,355.00)
** About 6.8 million shares trade hands, vs the 30-day average of 906,332 shares
** Redstone stock up 16.7%, YTD, including session's moves
($1 = 1.4209 Australian dollars)
(Reporting by Reporting by Subhalakshmi Dey in Bengaluru)
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