Australia's White Energy jumps on farm-in agreement with Tectonic Gold

White Energy

08/02/2024 04:28

** Shares of White Energy Company  WEC.AX  rise as much as
20% to A$0.048, their biggest intraday gain since Jan 23
    ** Stock hits its highest level since Jan 24
    ** Mineral explorer said on Wednesday it entered a farm-in
agreement with Signature Gold, a unit of U.K.- based Tectonic
Gold  TTAU.ASE  
    ** Says agreement for four tenements in Queensland which are
highly prospective for gold and copper
    ** About 129,100 shares change hands, compared with the
30-day average volume of 9,506
    ** Stock down 2.4% this year as of last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))