Australia's Moab Minerals surges most in 3-1/2 months on gold find at WA project

Moab Minerals

13/01/2023 01:17

** Shares of Moab Minerals Ltd  MOM.AX  rise as much as 20%
to A$0.012, their biggest intraday pct gain since Sept 27, 2022
    ** The mineral explorer says gold soil sampling programme
results at its Mt Amy Project in Western Australia show strong
gold potential 
    ** Adds follow-up programme to be done to check the extent
of mineralisation 
    ** More than 2.5 mln shares change hands, vs the 30-day
average volume of 1.1 mln shares
    ** MOM stock fell 47.1% since it recommenced trading last
September 
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))