Australia's Mount Ridley Mines rises on REE find at WA project

Mount Ridley Mines

10/05/2023 06:03

** Shares of Mount Ridley Mines Ltd  MRD.AX  rise as much as
33.3% to A$0.0040, their highest level since May 2
    ** Miner finds high-grade rare earth elements and
geophysical anomalies at Mia Prospect in co's Mount Ridley
project in Western Australia
    ** Co sees biggest intraday jump since May 3
    ** About 38.0 mln shares change hand compared to 30-day
average trading volume of 8.6 mln shares
    ** Stock down 30% YTD, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))