BUZZ-Australia's Uvre rises on gold project acquisitions in New Zealand

Reuters

05-19

BUZZ-Australia's Uvre rises on gold project acquisitions in New Zealand

** Mineral explorer Uvre UVA.AX up 6.4%

** UVA had risen as much as 22.3% to A$0.115; highest since November 25, 2024

** Co says it will acquire Minerals Exploration in exchange for 75 mln UVA shares

** Acquisition will give UVA control over Minerals Exploration's gold unit Otagold, which holds exploration and prospecting permits in New Zealand

** Trading volume at about 1 mln, 15.3x the 30-day average

** Stock up 12.4% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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