Australia's Raiden Resources hits 8-month high on acquiring lithium tenements

Raiden Resources

28/06/2023 05:16

** Shares of Raiden Resources Ltd  RDN.AX  rise as much as
42.9% to A$0.01, their highest level since Oct 11, 2022
    ** The gold explorer will acquire 80% interest in five
tenements adjacent to co's Roebourne Lithium project in Western
Australia    
    ** Co sees biggest intraday pct jump since June 16 
    ** Says acquired tenements are considered prospective for
pegmatite hosted lithium and nickel sulphide mineralisation 
    ** About 42.9 mln shares change hand vs 30-day average
trading volume of 4.3 mln shares 
    ** Shares up 47.3% YTD, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))