Australia's MetalsGrove Mining soars most in 11 months on rare earth find

MetalsGrove Mining

14/08/2023 06:02

** Shares of MetalsGrove Mining  MGA.AX  soar as much as
72.7% to A$0.19, biggest intraday pct gain since Sept. 27, 2022
    ** Stock hits highest level since Dec. 12, 2022
    ** The mineral explorer discovers high-grade carbonatite
rare earth at the Bruce prospect within the Arunta Project,
located in Australia's Northern Territory
    ** The grades returned in the Bruce drilling compare very
favourably and indicate potential for the project if sufficient
tonnes can be found, says co
    ** More than 2.4 mln shares have changed hands vs the 30-day
of about 61,000 shares
    ** Stock has fallen 26.7% this year, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))