Australia's Macro Metals eyes best day in over 7-yrs on assets buy

Macro Metals

06/03/2024 02:23

** Shares of Macro Metals Ltd  M4M.AX  up 50%
    ** Stock pares some gains after rising as much as 66.7% to
day's high of A$0.005 - hits highest level since Nov. 27
    ** Iron ore and steel development co acquires six iron ore
exploration licences from Mining Equities Pty Ltd for A$54,420
across the Midwest and West & Central Pilbara
    ** Stock on track for best day since June 6, 2016, if trend
holds
    ** 99.9 million shares change hands, compared with the
30-day average volume of 1.7 million
    ** Including day's gains, stock up 50% YTD

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))