** Shares of DY6 Metals DY6.AX rise 20% to A$0.360, their highest point since June 2023

** The rare-earths and critical metals explorer plans to raise A$4.6 million ($3.02 million) at an issue price of A$0.30 per share, unchanged from stock's last close

** Co also appoints Cliff Fitzhenry as CEO, effective immediately

** About 1.2 mln shares change hands, 1.4x the 30-day average of 838,643

** Stock up 688.9% YTD, including moves in current session

($1 = 1.5223 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))