Australia's Odessa Minerals hits 3-1/2-year high on acquisition

Odessa Minerals

26/04/2022 04:59

** Shares of Odessa Minerals Ltd  ODE.AX  gain as much as
22.7% to A$0.027, hits highest since October 2018
    ** The exploration co announces acquisition of Lyndon
Project located in Gascoyne Complex of Western Australia
 urn:newsml:reuters.com:*:nASX3FKWR6
    ** Says project consists of lithium, rare earth elements,
and nickel-copper prospects 
    ** Acquisition consists of A$90,000 in cash payment among
others 
    ** Stock eyes best session since April 8, if gains hold 
    ** More than 15.8 mln shares change hands, compared with the
30-day average volume of about 2.8 mln shares
    ** Stock has risen four-fold this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))