Australia's Prospect Resources hits 3-month high after Zambian project acquisition
09/04/2024 03:39
** Shares of Prospect Resources PSC.AX rise as much as
9.8% to A$0.090, their highest since Jan 8
** The miner says acquisition of advanced copper-cobalt
project in Zambia
** Co to acquire an 85% interest in Mumbezhi for $5.5
million in cash and $1m prospect scrip
** Stock posts its biggest intraday percentage gain since
Feb 19
** PSC stock rises for a third consecutive session
** Over 858,500 shares change hands, 3.1x the 30-day avg
volume
** Stock down ~8% YTD, as of last close
(Reporting by Neha Soni in Bengaluru)
((Neha.Soni@thomsonreuters.com))
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