Nexus Minerals hits over seven-week high on signing MoU to develop gold deposit

Nexus Minerals

04/05/2026 03:16

** Shares of Nexus Minerals NXM.AX rise as much as 16% to A$0.058, their highest level since March 19

** Stock posts its biggest intraday pct gain since April 8

** The gold miner signs a memorandum of understanding (MoU) with Australia's Macro Metals M4M.AX unit, Macro Gold Mining Services (MGMS)

** Under the MoU, Macro Gold to provide and fund mine development, mining operation to complete delivery of Crusader-Templar gold deposit

** Near 2 million shares change hands, 2.6x the 30-day average volume

** NXM stock has fallen 20% YTD, including day's moves

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))