** Shares of Australia's Global Uranium and Enrichment GUE.AX rise as much as 5.2% to A$0.061, posting their biggest intraday pct gain since October 29

** Stock hits its highest level since November 13

** GUE has gained 5.2% so far in the week, on track for its best week since September 26

** Uranium explorer says Urenco got Foreign Investment Review Board approval for investment in Ubaryon, of which GUE is a shareholder with 21% ownership

** Earlier in May, co said Ubaryon agreed to form a strategic partnership with Urenco, a uranium enrichment co

** About 1.2 million shares change hands, 1.1x the 30-day average volume

** Stock has risen 1.7% this year, including session gains

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))