Australia's Viridis Mining soars on finding high-grade rare earths in Brazil

Viridis Mining and Minerals

03/01/2024 24:16

** Shares of Viridis Mining and Minerals  VMM.AX  rise as
much as 24.3% to A$1.66 in their biggest intraday pct gain since
Nov. 20, 2023
    ** Stock hits its highest level since Dec. 7, 2023
    ** Critical minerals explorer finds high-grade rare earth
elements from maiden auger and diamond drilling at the Capao da
Onça prospect in Brazil
    ** Says first set of results at Capao da Onça show the
highest grades reported to date
    ** More than 538,400 shares change hands, compared with the
30-day average volume of about 608,600 shares
    ** Stock has risen 11.9% so far this year

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