Australia's Perpetual Resources soars on lithium land expansion

Perpetual Resources

03/04/2024 05:19

** Shares of Perpetual Resources  PEC.AX  climb as much as
57.1% to A$0.011, set to see their best day since Aug 9 - if
gains hold 
    ** The mineral explorer says it has entered two option
agreements to expand its exploration landholding in Minas
Gerais, Brazil, which contain lithium 
    ** Shares hit highest since Jan 23 
    ** About 21 mln shares change hands, 15.5 times compared
with the 30-day average volume of ~1.4 mln shares     
    ** Stock has fallen 30% this year as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))