Australia's Heavy Minerals hits 1 yr-high on securing funding for WA project

Heavy Minerals

08/08/2024 06:54

** Shares of Heavy Minerals  HVY.AX  rise as much as 80.4%
to A$0.175, their biggest intraday percentage gain since July
10, 2023
    ** Stock hits its highest level since July 21, 2023
    ** Industrial minerals explorer says it has raised A$2.1 mln
 ($1.38 mln)
    ** Says, funds will be used to complete the pre-feasibility
study for its Port Gregory project in Western Australia
    ** About 676,800 shares change hands, compared with the
30-day average volume of around 159,300
    ** Including session's gains, stock up 42% YTD

($1 = 1.5267 Australian dollars)

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