Australia's Megado Gold rises on gold find in Ethiopia

Megado Minerals

06/05/2021 02:21

** Shares of Megado Gold Ltd  MEG.AX  rise as much as 5.3%
to A$0.20, their highest since Feb 19
    ** The gold explorer says drilling at Babicho Gold project
in southern Ethiopia revealed presence of high-grade
gold urn:newsml:reuters.com:*:nASX3MYxsQ
    ** Nearly 200,000 shares change hands, compared with the
30-day average volume of ~68,000
    ** Stock down 7.3% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))