** Shares of EQ Resources EQR.AX up 15.2% at A$0.053, on track for best day since Feb. 19, 2016 - if current gains hold

** Tungsten mining co to acquire 100% interest in Tungsten Metals Group

** Says enterprise value of Tungsten Metals Group determined at A$13.5 mln ($8.74 mln)

** About 12.2 mln shares change hands by 0111 GMT, 22.7 times the 30-day average volume of shares

** Stock had fallen 19.3% this year, as of last close

($1 = 1.5442 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))