BUZZ-Australia's Accelerate Resources up on stake buy in Balagundi gold project

Reuters

09/24

** Shares of Accelerate Resources AX8.AX rise as much as 14.3% to A$0.008, on track for their best day since September 4, if trend holds

** Exploration co executes earn-in agreement for up to 80% stake in Balagundi gold project, located in Western Australia

** About 4.7 mln shares change hands, 5.1x times the 30-day avg

** Stock is up 14.3% YTD, including session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))

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