** Shares of Matsa Resources MAT.AX rise 11.9% to A$0.047, their highest since November 19, 2024
** Gold miner receives takeover bid from Patronus Resources PTN.AX at an offer price of A$0.045 cash per share
** Offer price represents a premium of 7.1% to MAT's last closing price of A$0.042
** Offer values MAT at A$33 million ($20.66 million)
** PTN shares down 1.7% to A$0.058
** Stock posts biggest intraday gain since December 30
** About 2.61 million shares change hands, more than 9 times the 30-day average of ~279,600
** MAT up 34.3% YTD, including session's moves, while PTN shares have risen 18.4%
($1 = 1.5972 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.shaikh@thomsonreuters.com))
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