Australia's Mandrake Resources jumps on high-grade lithium production

Mandrake Resources

06/05/2024 04:50

** Shares of Mandrake Resources  MAN.AX  rise as much as
15.6% to A$0.037, set for their best day since Jan 22, if gains
hold 
    ** Stock hits highest level since April 4 
    ** The mineral resources explorer says 99.9% pure
battery-grade lithium hydroxide has been directly produced from
its flagship Utah lithium project brines    
    ** About 1.8 mln shares change hands, compared with the
30-day average volume of about 564,102
    ** Stock has fallen 25.6% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))