Australia's Perpetual Resources climbs to 6-month high on plans to acquire Brazil project

Perpetual Resources

15/05/2024 02:09

** Shares of Perpetual Resources  PEC.AX  rise as much as
23.5% to A$0.021, their highest since Nov 2, 2023
    ** Stock on track to post a third consecutive session of
gains, if current trend holds
    ** The silica explorer says it signed a term sheet to
acquire Raptor Rare Earth Project in Brazil
    ** Nearly 42 mln shares change hands, compared with the
30-day average volume of about 5.2 mln
    ** Stock up 70% YTD, based on last close



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