Australia's Perpetual Resources rises on plans to buy Brazilian lithium tenement

PEC

21/07/2023 04:56

** Shares of Perpetual Resources Ltd  PEC.AX  rise as much
as 113.3% to A$0.032, their biggest intraday pct gain 
    ** Stock of the silica sands explorer trades 73.3% higher at
A$0.026, highest level since Feb 20
    ** Co enters binding option agreement to buy lithium
exploration tenement package in Minas Gerais, Brazil
    ** Has exclusive option to buy four lithium exploration
permits held by RTB Geologia E Mineração (RTB)
    ** More than 108 mln shares change hands, vs the 30-day
average of 478,114 shares
    ** PEC stock down 16.7% this year, as of last close

    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))