Australia's Osmond Resources eyes best day on buying stake in Iberian Critical Minerals

Osmond Resources

06/09/2024 02:11

** Shares of Osmond Resources  OSM.AX  up 207.1% to A$0.22,
on track for their best day, if current gains hold  
    ** Stock hit its highest level since Jan. 27, 2023
    ** Mineral explorer executed agreement to acquire 80%
interest in Iberian Critical Minerals Pty via a three-tranche
stages acquisition
    ** About 1.3 mln shares change hands by 1259 GMT, 12.1 times
the 30-day average volume of shares
    ** However, stock has fallen 26.3% this year as of last
close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))