Australia's Mt Malcolm Mines rises on positive sampling results at WA project

Mt Malcolm Mines NL

18/12/2023 02:59

** Shares of Mt Malcolm Mines  M2M.AX  rise as much as 40%
to A$0.035, their biggest intraday percentage gain
    ** Stock hits its highest level since Nov 30
    ** The mineral explorer says sampling of historic drill
holes confirmed the presence of pegmatite at its Lake Johnston
Project in Western Australia
    ** More than 3.5 mln shares change hands, compared with the
30-day average volume of 212,360
    ** M2M stock down 53.7% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))