Australian Mines hits 5-1/2-month high on increasing exploration footprint in Brazil

Australian Mines

19/02/2024 02:13

** Shares of Australian Mines  AUZ.AX  rise as much as 20%
to A$0.018, their highest level since Sept. 4, 2023
    ** Stock posts its biggest intraday pct gain since Feb. 14
    ** Producer and supplier of technology metal materials says
it has increased exploration footprint in Bahia state, Brazil
    ** Says it has acquired 17 new tenements in Bahia
    ** About 24.5 mln shares change hands, compared with the
30-day average volume of 17.5 mln shares
    ** Stock up 70% YTD, as of last close 

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