Australia's Castle Minerals climbs on buying graphite project
24/11/2021 24:00
** Shares of Castle Minerals Ltd CDT.AX rise as much as
26.9% to A$0.033, their biggest intraday pct gain since Nov. 8
** The gold and base metals explorer says it acquired the
Kendenup graphite project in Western Australia from Historic
Gold Mines Pty Ltd for an initial A$40,000 urn:newsml:reuters.com:*:nASXpbk8d
** Co expands its presence in the booming battery metals
sector with the acquisition
** Adds it also applied for an adjacent exploration licence
covering the Kendenup graphite mine and the nearby Martigallup
graphite occurrences
** About 19.9 mln shares change hands, vs the 30-day avg
volume of 17.1 mln
** Stock has more than doubled in value this year as of last
close
(Reporting by Yamini C S)
((Yamini.CS@thomsonreuters.com;))