Australia's Peako surges on extended higher-grade mineralisation find

Peako

25/10/2023 05:41

** Shares of Peako  PKO.AX  jump as much as 83.3% to
A$0.0110 - their highest level since March 15 
    ** Co confirms higher-grade platinum group elements (PGE)
mineralisation at Brumby Prospect in its Eastman PGE Project,
Western Australia 
    ** PGE include palladium, platinum and others
    ** Says higher-grade PGE mineralisation at Brumby extends
over 680m
    ** About 38 million shares change hands as of 0355 GMT, over
91 times the 30-day average 
    ** Stock down ~60% this year, as of last close

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