BUZZ-Australia's Rubix Resources hits over 1-1/2-year high on deal to buy Africa-based projects

Reuters

Sep 05

** Shares of Rubix Resources RB6.AX rise as much as 21.4% to A$0.17, their highest level since November 10, 2023

** The metals and gold explorer enters a deal to buy 100% interest in several exploration licenses in the Republic of Cameroon and the Republic of Congo

** Says the regions under consideration are prospective for Bauxite

** About 1.5 million shares change hands, 16.1 times their 30-dy average

** Stock has more than doubled this year, including the day's move

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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