Why the Tietto (ASX:TIE) share price is surging 7%
Marc Sidarous | May 11, 2021 3:43pm |
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Tietto Minerals Ltd(ASX: TIE) share price is in the green today. At the time of writing, shares in the gold-focused company are trading at 31 cents each – up 6.9%. At one point during intraday trading, the Tietto share price surged by as much as 12.06% before partially retreating.
By comparison, the
All Ordinaries Index (ASX: XAO) is currently trading 1.23% lower for the day.
Today’s price rise comes after the company announced “multiple shallow high-grade gold” results from a recent drill at its Côte d’Ivoire gold mine.
Why the Carnaby Resources (ASX:CNB) share price rocketed 11%
Marc Sidarous | May 7, 2021 4:56pm |
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Carnaby Resources Ltd(ASX: CNB) share price was through the roof today. By close of trade, shares in the mineral exploration company were trading for 30 cents each – up 11.11%.
The significant price rise came after the company announced it detected “strong” induced polarisation (IP) signals at its gold mine in Queensland.
Let’s take a closer look at the announcement.
What boosted the Carnaby share price?
In a statement to the ASX, Carnaby Resources said 4 “strong IP conductors…have been generated at the Nil Desperandum Prospect [in Mt Isa, Queensland] …” The company says the results mean it now has immediate walk-up targets for drilling.
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