BUZZ-Australia's Noronex rises on plans for Namibian copper project sale** Shares of Noronex NRX.AX rise as much as 13.3% to A$0.017, their largest intraday pct gain since October 31
** Stock hits its highest level since November 3
** The copper explorer enters an agreement to divest Witvlei project in Namibia to a privately owned mining group for A$4.5 million ($2.90 million)
** Says cash proceeds from the sale will be used for exploration activities at co's Etango North uranium project
** More than 2.7 million shares change hands, 2.9 times the 30-day average
** Stock up 45.5% YTD, including the day's moves
($1 = 1.5497 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.