Australia's Qx Resources jumps on starting diamond drilling in Sweden

Qx Resources

30/03/2023 04:30

** Shares of Qx Resources Ltd  QXR.AX  jump as much as 12.9%
to A$12.9, their highest since March 14
    ** Gold miner says diamond drilling has commenced on
Lainejaur project, a high-grade nickel-cobalt-copper deposit of
Bayrock Resources Ltd (Bayrock) in Northern Sweden
    ** QXR is assisting Bayrock via a framework agreement to add
value with project development and financing initiatives
    ** More than 2.4 mln QXR shares change hands, vs the 30-day
average volume of 2 mln shares
    ** Stock down 26.2% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))