Australia's Armada Metals eyes best day ever on acquiring lithium miner

Rapid Critical Metals

27/05/2024 01:48

** Shares of Armada Metals  AMM.AX  rise as much as 161.5%
to A$0.034, posting a record intraday percentage gain
    ** Stock hits its highest level since Jan. 4
    ** Nickel and copper miner announces takeover of Australia's
Midwest Lithium, a miner with multiple lithium projects in the
U.S. 
    ** About 1.5 mln shares change hands, compared with the
30-day average volume of around 5,000
    ** Stock down 53.6% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))