Australia's Pinnacle Minerals jumps on new funds to advance projects

Pinnacle Minerals

30/07/2025 04:51

** Shares of Pinnacle Minerals PIM.AX rise as much as 40% to A$0.056, their highest level since Jan 9

** Stock marks biggest intraday pct gain since Jan 17, 2024

** Tech minerals co receives firm commitments to raise A$1.8 mln ($1.17 mln) via placement to advance exploration activities in Canada and Australia

** About 1.7 mln shares traded, 17.2x the 30-day avg

** YTD, PIM up 14.6%

($1 = 1.5349 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))