Australia's Narryer Metals surges on identifying new project

Narryer Metals

20/04/2023 06:29

** Shares of Narryer Metals Ltd  NYM.AX  rise as much as
44.4% to A$0.130, its biggest intraday pct gain since Nov.22
    ** Mineral explorer says new clay hosted rare earth element
(REE) project identified at Corackerup, in the Great Southern
region of Western Australia
    ** Adds this Corackerup Project compliments the co's Rocky
Gully REE Project, which is also located within the region
    ** Further adds the project could have strong REE
mineralisation potential and co will plan mapping and surface
geochemistry, followed by drilling programme 
    ** Stock posts its highest gains since Feb.13
    ** More than 289,000 shares change hands, vs the 30-day
average volume of 75,000 shares
    ** Stock has fallen 40.0% this year, as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))