Australia's Petratherm rises on drilling update from SA project

PTR Minerals

18/04/2023 05:31

** Shares of Petratherm Ltd  PTR.AX  rise as much as 12.8%
to A$0.088, their highest since Feb. 15
    ** Mineral explorer says drilling exploration operations are
scheduled to resume from mid-May at the Comet rare earth
elements(REE) Project in South Australia
    ** Adds drilling till now has delineated two major REE
prospects, Meteor and Artemis which do show potential for high
grade REE
    ** Further adds significant up-side potential with 90% of
the project area not yet explored for REE mineralisation
    ** Stock posts its biggest intraday pct gain since April 3
    ** PTR stock on a three day winning streak
    ** More than 1.3 mln shares change hands, vs the 30-day
average volume of 266,000 shares
    ** Stock has risen 34.5% this year as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))