Australia's Lucapa Diamond gains most in over a week over tender results

Lucapa Diamond Co

13/10/2023 04:24

** Shares of Australian diamond miner and explorer Lucapa
Diamond  LOM.AX  rise as much as 9.1% to A$0.036, marking its
biggest intraday pct gain since Oct. 5
    ** Co says seven Lulo diamonds totalling 535 carats sold for
A$24.5 mln ($15.5 mln)
    ** Adds tender attracted average price per carat of
US$29,401
    ** Says result reinforces robust demand and prices for
large, high-quality diamonds
    ** Nearly 777,156 shares change hands as of 0312 GMT, vs the
30-day average volume of 352,210 shares
    ** Stock down 28.3% YTD as of last close

($1 = 1.5810 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))