Australia's NewPeak Metals jumps most in over 7-1/2 years on Finnish units sale
12/04/2024 05:17
** Shares of mineral resources firm NewPeak Metals NPM.AX
more than quadruple in value to A$0.045, posting their biggest
intraday pct gain since late-July 2016
** Co says it finalised formal documentation to complete
sale of its interest in Finnish subsidiary cos NewPeak Finland
Oy and Kultatie Holding Oy
** Shares hit their highest level since Nov. 30
** More than 20.3 mln shares change hands, compared with the
30-day average volume of about 154,900 shares
** Stock down 31.3% this year, as of last close, vs 2.9%
increase in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))