Australia's Reward Minerals at over 2-week high on potash project acquisition
05/12/2023 01:02
** Shares of Reward Minerals RWD.AX rise as much as 18.8%
to A$0.095, their highest since Nov 17
** The potash explorer says it has entered into share sale
agreement to buy Beyondie sulphate of potash project in Western
Australia from administrators of Kalium Lakes KLL.AX
** Adds acquisition of project is for A$20 mln ($13.23 mln)
** RWD stock posts its biggest intraday pct gain since Nov
16
** More than 600,000 shares change hands, vs the 30-day
average volume of 536,744 shares
** Stock down 20.7% YTD as of last close
($1 = 1.5117 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com;))
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