BUZZ-Australia's Adelong Gold hits near 8-month high on Victoria gold project buy

Reuters
02-13
BUZZ-Australia's Adelong Gold hits near 8-month high on <a href="https://laohu8.com/S/VCCTF">Victoria</a> gold project buy

** Shares of Adelong Gold ADG.AX rise as much as 63.6% to A$0.009, their highest level since June 19

** Stock posts its biggest single-day since January 17, 2023; last up 45.5%

** Gold explorer enters deal to buy a high grade gold project in Victoria from a unit of Canada's Great Pacific Gold CorpGPAC.V

** Deal valued at A$700,000 ($439,670.00)

** About 55.1 mln shares change hands, vs the 30-day average of nearly 937,000

** Stock up 60% this year, including the day's move

($1 = 1.5921 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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