Scorpion Minerals jumps most in 1-month on acquiring WA lithium project

Scorpion Minerals

19/12/2022 04:32

** Shares of Australian mineral exploration firm Scorpion
Minerals  SCN.AX  jump as much as 6.9% to A$0.077, on track for
their biggest pct gain since Nov. 17  
    ** Shares hit their highest level since Dec. 9 
    ** Co signs a binding option to acquire the Youanmi lithium
project in Western Australia  urn:newsml:reuters.com:*:nASXHZffQ
    ** Says co has planned near-term exploration activity
including diamond drilling of lithium targets
    ** More than 1.35 mln shares change hands as compared with
the 30-day average volume of ~263,246 shares  
    ** Stock down 2.7% this year, as of last close, vs 3.97%
decrease in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))