Australia's Uvre jumps on acquisition of three uranium projects

Minerals Exploration

06/05/2024 03:18

** Shares of Uvre  UVA.AX  rise as much as 14.3% to A$0.120,
set for best day since March 28 - if gains hold     
    ** Mineral explorer says it'll acquire 3 uranium exploration
prospects in and around the uranium-rich Frome Basin of South
Australia 
    ** Survey has highlighted potential for large
sandstone-hosted uranium deposits on site - co
    ** Stock hits its highest level since April 2
    ** Nearly 483,900 shares change hands, compared with the
30-day average volume of 91,525
    ** UVA down 25% YTD, as of last close 

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