Australia's Solstice rises on sale of Hobbes exploration licence

Solstice Minerals

09/04/2024 01:57

** Shares of Solstice Minerals  SLS.AX  rise as much as 65%
to A$0.165, hitting their record intraday pct gain 
    ** Stock posts its highest level since July 3, 2023
    ** The mineral explorer says it has entered into a binding
sale and purchase agreement with Northern Star (Carosue Dam) to
divest its 80% interest in Hobbes exploration licence for A$12.5
mln ($8.26 mln) 
    ** About 3.8 mln shares change hands, compared with the
30-day average volume of 49,917 shares
    ** Stock up 2% this year, as of last close

   ($1 = 1.5142 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))