Australia's St George Mining jumps on Brazil project buy

St George Mining

06/08/2024 04:21

** Shares of St George Mining  SGQ.AX  rise as much as 32.4%
to A$0.045, set to gain most since Oct. 12, 2022 - if current
gains hold
    ** The mining exploration co to buy Araxá niobium-REE
Project in Minas Gerais, Brazil
    ** Stock hits its highest level since Oct. 31, 2023
    ** 27 mln shares change hands, compared with the 30-day
average volume of 1.4 mln
    ** Stock has traded largely flat so far this year, as of
last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))