BUZZ-Australia's Mako Gold shines on buyout offer from Aurum Resources

Reuters
16 Oct 2024

** Shares of Mako Gold rise 68.4% to A$0.016, their biggest intraday pct gain on record

** The gold explorer received a takeover offer from larger gold co Aurum Resources

** Under deal, Aurum to offer 1 Aurum share for every 25.1 Mako shares

** A total deal value was not disclosed

** Stock hits its highest level since April 24

** Almost 18.5 mln shares change hands, compared with the 30-day average volume of 1.4 mln

** Stock up 50% YTD, including current session's moves

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10