Australian copper explorer Red Metal gains most in nearly 3 months

Red Metal

12/09/2018 04:16

** Copper explorer Red Metal  RDM.AX  rises as much as 12.50
pct to A$0.14, in its biggest intraday pct gain since June 18
    ** Sydney-headquartered co says drilling is underway at two
recently identified 'Great Southern' electromagnetic conductors
south of co's Maronan lead-silver and copper-gold deposit
 urn:newsml:reuters.com:*:nASX24mgrS
    ** Adds the two conductors are considered highly prospective
for copper, gold mineralisation
    ** Stock hits its highest since July 2 
    ** About 400,000 shares change hands, almost four times
their 30-day average
    ** Up to last close, stock had fallen 17.24 pct this year,
compared with 1.9 pct increase in benchmark S&P/ASX 200 index
 .AXJO 

 (Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net)