** Shares of Australian Gold and Copper AGC.AX rise as much as 5.3% to A$0.200

** Stock set for its strongest trading session since mid-October, if current trend holds

** The metal explorer completes acquisition of the Browns Reef tenement package in New South Wales from Eastern Metals Limited EMS.AX for A$1.5 million ($974,700)

** Brown Reefs is a 6.5-km-long alteration zone with silver, gold and base metal drill intercepts and drill targets

** Shares rise 33.33% YTD, including day's moves

($1 = 1.5389 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))