Australia's Godolphin Resources jumps most in over 3-1/2 years on sale of project

Orbit Resources

20/12/2023 24:04

** Shares of Godolphin Resources  GRL.AX  rise as much as
41% to A$0.055, set to see their best day since April 20, 2020 
- if gains hold 
    ** Resources co says it will sell its Lewis Ponds Projects
and MT Bulga to Australia's Minerals Pty Ltd for A$11 mln($7.43
mln)
    ** Stock at its highest since July 6
    ** About 274,954 shares change hands, compared with the
30-day average volume of 112,910 shares
    ** Stock has fallen 54.2% this year as of last close


($1 = 1.4795 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))