Australia's Red River Resources soars after positive quarterly report

Red River Resources

28/07/2022 05:32

** Shares of Australian gold and base-metal exploration firm
Red River Resources  RVR.AX  rise as much as 7.4% to A$0.145,
their highest level since July 22
    ** Co's quarterly net revenue rose 17% to A$27.6 mln
 urn:newsml:reuters.com:*:nRSDbg6gwn
    ** Co says it produced 6,111 DMT of zinc concentrate at its
Thalanga Mine for the quarter, an increase of 26% from the
previous quarter
    ** Co says it produced 1,356 DMT of lead concentrate at its
Thalanga Mine for the quarter, an increase of 20% compared with
the previous quarter
    ** Says it produced 3,342 of copper concentrate at Thalanga
Mine for the quarter, an increase of 45% compared with the
previous quarter
    ** More than 683,000 shares change hands, vs the 30-day
average volume of 1.1 mln shares
    ** Stock posts its biggest intraday pct gain since July 20
    ** RVR stock down 32.5%, as of last close since listing on
Feb 10
    


 (Reporting by Rishav Chatterjee in Bengaluru)