Australia's Lycopodium hits record high on bagging $137 million Resolute Mining contract
Tue 03:26
BUZZ-Australia's Lycopodium hits record high on bagging $137 million Resolute Mining contract ** Shares of Australia's Lycopodium Ltd LYL.AX rise as much as 2.4% to a record high of A$19.12
** Stock on track for a third consecutive session of gains, if current trend holds
** The construction and engineering firm says it is awarded a design, supply and construction management services (EPCM) contract for the development of gold miner Resolute Mining's RSG.AX Doropo Gold Project in Côte d’Ivoire
** Says contract is valued at nearly A$196 million ($136.81 million)
** YTD, stock up 36.9%, including day's moves
($1 = 1.4327 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)