Australia's Norwest Minerals hits over 8-month high on gold-copper find
02/09/2022 02:05
** Shares of gold and copper explorer Norwest Minerals
NWM.AX jump as much as 21.7% to A$0.075, their highest since
Dec. 2021
** Co cites the discovery of high-grade copper-gold assays
in its fully owned Bali Copper Project in Western Australia
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** Says it has intersected an area with the highest assays
of 46% copper and 6.7 grams per tonne of gold in the project
** Shares on track for their biggest intraday pct gain since
Aug. 31
** Stock up for third straight week, set to add over 26.2%
this week
** More than 1.3 mln shares change hands as compared with
the 30-day average volume of ~121,604 shares
** Stock down 10.5% this year, as of last close, vs an 8.1%
decrease in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))