** Shares of CZR Resources CZR.AX rise 8.3% to A$0.2925, their biggest intraday pct gain since March 20
** The mineral explorer hits highest level since April 3
** Co receives a binding offer from Robe River Joint Venture, comprising a unit of Rio Tinto .RIO.AX and others, for acquisition of co's Robe Mesa Iron Ore project in Western Australia for A$75 million ($46.64 million)
** Co considers Robe River Joint Venture's proposal to be a superior offer than the one from Fenix Resources
** About 731,751 shares change hands vs the 30-day average of 682,017 shares
** Stock up 28.6% this year, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@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.