Australia's Lucapa Diamond gains on metal target finds

Lucapa Diamond Co

21/01/2025 04:07

** Shares of Lucapa Diamond  LOM.AX  rise 5.6% to A$0.019
    ** Stock rose as much as 11.1% earlier in its biggest
intraday gain since Dec. 23
    ** Diamond miner finds two large and highly conductive base
metal targets at Merlin project in Northern Territory
    ** Trading vol of ~2.9 mln shares is nearly 3x the 30-day
avg
    ** Stock down 5% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))