Australia's Many Peaks Gold surges on acquiring rights to buy Canada REE project

Many Peaks Minerals

17/01/2023 24:50

** Shares of Many Peaks Gold Ltd  MPG.AX  rise as much as
29.4% to A$0.330, post their biggest intraday pct gain since
March 30
    ** Mineral explorer says it has secured the right to acquire
full ownership of Odyssey Rare Earth Element (REE) project in
Labrador, Canada 
    ** Stock hits its highest since Dec. 1, up for a third
straight session       
    ** More than 978,000 shares change hands, vs the 30-day
average volume of 99,000 shares
    ** Stock fell 10.2% in 2022, since its listing on March 16
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))