Australia's Calidus Resources hits near 8-week high on gold project buy

Novo Resources

21/12/2023 24:02

** Shares of Calidus Resources  CAI.AX  rise as much as
11.1% to A$0.200, their highest level since Oct 27 
    ** Gold explorer says it will enhance cash position and
production upside with purchase of Nullagine Gold Project in
Pilbara from natural resources explorer Novo Resources  NVO.TO  
    ** Stock posts biggest intraday gain since Oct. 31 - if
gains hold
    ** About 1.6 mln shares change hands, compared with the
30-day average volume of 405,447
    ** Stock has fallen 33.3% year as of last close
    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))