Australia's Victory Goldfields swings to YTD gains on surge post rare earth find

Victory Metals

15/11/2022 02:32

** Victory Goldfields' shares  1VG.AX  rise as much as 77.8%
in heavy volume to A$0.32, their highest since Sept 6
    ** Stock last up 50%, taking YTD move to a ~32% gain from a
~12.2% loss as of Monday's close
    ** Mining company says study results confirm significant
initial rare earth elements (REE) mineralisation in North
Stanmore REE project in Western Australia  urn:newsml:reuters.com:*:nASX6LwwJ6
    ** Stock set for its biggest one-day jump ever, if gains
hold
    ** Says studies confirm high grade ionic clay REE extension
in the project 
    ** About 11.7 mln shares traded, making it stock's busiest
day ever and dwarfing the 30-day avg volume of 74,730 shares
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))