Australia's Patagonia Lithium climbs to 9-month high on positive drilling results

Patagonia Lithium

03/05/2024 03:51

** Shares of Patagonia Lithium  PL3.AX  rise as much as
62.5% to A$0.195, their record intraday percentage gain
    ** Stock hits its highest level since July 24, 2023 
    ** The lithium miner says positive results from first
drilling at its Formentera Lithium project in Argentina
    ** Says results provide evidence for a prospective
successful project
    ** About 1.5 mln shares change hands, compared with the
30-day average volume of nearly 44,000
    ** Stock on track to post third straight day of gains
    ** PL3 stock down 7.7% YTD, based on last close


 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))