** Shares of Mandrake Resources rise as much as 17.7% to A$0.030, posting their biggest intraday pct gain since Sept. 23
** Lithium explorer says it has identified 3.3 mln tonnes of lithium carbonate equivalent $(LCE.AU)$ at its Utah project in the United States
** Says LCE identification confirms project's status as a top tier lithium asset
** Stock hits its highest level since Oct. 11
** More than 5.2 mln shares change hands, compared with the 30-day avg of ~668,000
** Stock down ~35% YTD, including current session's move
(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.