Stock Track | Genesis Minerals Soars 5.03% on Acquisition News of Magnetic Resources NL

Stock Track

05/29

Genesis Minerals Ltd (GMD.AU) saw its stock price soar by 5.03% during intraday trading on Friday.

The significant price movement appears to be driven by corporate news regarding the company's proposed acquisition of Magnetic Resources NL. An update was published concerning a scheme of arrangement under which Genesis Minerals would acquire 100% of the shares in Magnetic Resources NL.

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