Aussie gold explorer Predictive Discovery jumps on Perseus Mining stake raise

Perseus Mining

06/09/2024 04:32

** Shares of Predictive Discovery Ltd  PDI.AX  jump as much
as 11.4% to A$0.245, their biggest intraday jump since Aug. 15
    ** PDI trading at its highest level since Aug. 30; set to
end the week 4.3% higher, if trend holds - a marginal recovery
from last week's 14.8% decline 
    ** Gold producer and explorer Perseus Mining  PRU.AX  raises
its stake in PDI to 19.9% from 13.8%
    ** PRU stock trading 1.4% higher at A$2.485 as of 0306 GMT
    ** PDI second biggest gainer in the ASX All Ordinaries index
 .AORD 
    ** PDI stock up 4.8% this year as of last close, lagging a
9% gain in the ASX All Ordinaries Gold index  .AXGD 

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