Australia's Resources & Energy Group rises on approval for mine revival

Resources & Energy

16/06/2021 05:08

** Shares of the gold explorer Resources & Energy Group
 REZ.AX  rise as much as 16.7% to A$0.035, their highest since
May 19
    ** Co says its proposal to resume mining at the Granny Venn
deposit in Western Australia has been approved by the regulatory
authority  urn:newsml:reuters.com:*:nFWN2NX15V
    ** Adds operations expected to start in late June
    ** Stock posts its biggest intraday pct gain since March 22
    ** About 779,000 shares change hands, compared with the
30-day average of about 585,000 shares
    ** Stock has fallen 36.2% this year, as of last close

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))