Australia's Alicanto Minerals jumps on leadership changes, fund raising

Sinclair Gold

21/06/2024 03:57

** Shares of Alicanto Minerals  AQI.AX  rise as much as
36.8% to A$0.026, posting their biggest intraday percentage gain
since March 1
    ** Stock hits its highest level since April 22
    ** Precious metals miner announces leadership changes,
including managing director exit, interim chair appointment and
CFO replacement
    ** Also announces entitlement offer to raise A$1.6 mln
($1.07 mln) to progress exploration at its Sweden projects
    ** About 4.2 mln shares change hands, compared with the
30-day average volume of around 317,000
    ** Stock trims YTD losses to 36.1%, including session's
moves

($1 = 1.5017 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))