Australia's Riversgold soars on tenement grant

Riversgold

18/05/2022 03:17

** Shares of lithium explorer Riversgold Ltd  RGL.AX  rise
as much as 46.3% to A$0.06, logging their largest intraday
percentage gain since April 1 
    ** Riversgold says it was granted for five years a tenement
in its Tambourah Lithium Project in the mineral-rich Pilbara
region of Western Australia  urn:newsml:reuters.com:*:nASX2zLzVR
    ** To immediately focus on advancing three prospects
identified in the north-west corner of the tenement for
drilling, and on completing its acquisition of EV Minerals 
    ** Shares at their highest since May 6
    ** More than 17.5 mln shares change hands, compared with the
30-day average volume of 11.6 mln shares
    ** Stock has risen 166.2% this year, as of last close,
compared with a 4.5% decline in the benchmark S&P/ASX 200 index
 .AXJO  

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))