BUZZ-Australia's Cannindah Resources rises on due diligence proposal from Chilean govt agency

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** Shares of Cannindah Resources CAE.AX rise as much as 9.6% to A$0.057, their highest levels since July 19 ** The mineral explorer says it has received proposal to conduct due diligence from Corporacion Nacional del Cobre de Chile (Codelco) for its Mt Cannindah project in Queensland ** Says Codelco in contemplation of entering into a potential transaction for the project ** More than 325,000 shares change hands, 2.7 times the 30-day avg ** Stock down 46% YTD, including current session's moves (Reporting by Nikita Maria Jino in Bengaluru) (([email protected];))
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Published Date
8 Oct 2024 at 11:58 AM
Publisher
Refinitiv
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