Australia's PhosCo jumps most in 10 years on permit, MoU with Tunisia

Phosco

26/11/2024 04:21

** Shares of PhosCo  PHO.AX  jump as much as 70% to A$0.068,
its biggest intraday pct jump since early Nov. 2014
    ** Stock hits highest since Jan. 25
    ** Mineral explorer receives approval for the Gassaat
Phosphate Exploration Permit from Tunisia's Consultative
Committee of Mines
    ** Also signs MoU with the Tunisian Ministry of Industry,
Mines and Energy and the European Bank for Reconstruction and
Development
    ** Permit and MoU for the exploration and development of
co's Northern Phosphate basin in Tunisia 
    ** More than 165,000 shares change hands vs 30-day avg
volume of around 123,000 shares
    ** Stock flat so far this year, including current session's
moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))