Australia's Metalsgrove Mining surges on lithium asset acquisition

MetalsGrove Mining

11/12/2023 24:44

** Shares of Metalsgrove Mining  MGA.AX  rise as much as 40%
to A$0.103, set to see its best day since Aug 14 - if gains hold
    ** Stock hits highest since Oct 12 
    ** Lithium explorer says unit has entered into strategic
agreement with two Zimbabwe entities to acquire six new lithium
assets in Zimbabwe
    ** Co adds initial exploration campaign is set to commence
in Q1 2024
    ** 571,524 shares change hands, compared with the 30-day
average volume of 48,525 
    ** Stock has fallen 50% YTD as of last close
    

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