Australia's Petratherm hits 2-month peak on project acquisition

PTR Minerals

16/06/2021 04:32

** Shares of copper and gold explorer Petratherm Ltd
 PTR.AX  rise as much as 42.9% to A$0.1, their highest since
April 16
    ** Co says it acquired an iron-oxide copper-gold project 
near Woomera in South Australia  urn:newsml:reuters.com:*:nFWN2NX15X
    ** Stock posts its biggest intraday pct gain since May 21
    ** About 11.5 mln shares change hands, compared with the
30-day average of about 290,000 shares
    ** Stock is down 52.1% this year, as of last close

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))