Australia's RED 5 jumps as Silver Lake Resources buys stake

Vault Minerals

18/09/2023 06:39

** Shares of RED 5 Ltd  RED.AX  up 21.6% to A$0.2675
    ** Stock set for best day since March 2020, if trend holds
    ** Gold-copper miner Silver Lake Resources says  SLR.AX  it
has acquired 383 mln shares of co, representing 11% of RED's
issued capital
    ** RED stock at its highest level since Jan. 16
    ** Stock up 7.3% YTD, as of last close 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))