BUZZ-Australia's Noronex climbs to six-month high on Botswana project deal with South32
Reuters
Oct 20
BUZZ-Australia's Noronex climbs to six-month high on Botswana project deal with South32
** Shares of Noronex NRX.AX rise as much as 18.8% to A$0.019, their highest level since April 16
** Stock marks it biggest intraday pct rise since April 10
** The copper explorer says diversified miner South32 S32.AXto buy a 60% stake in Noronex' Cgae Cgae copper project in Botswana for A$5 million ($3.25 million) over five years
** About 4.8 million shares change hands, 5.3 times the 30-day avg
** Stock is up 63.6% YTD, including the session's moves
($1 = 1.5382 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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