Aura Energy Says No Reason For Sharp Share Price Rise In Australia

LONDON (Alliance News) - Aura Energy Ltd said Wednesday it does not know of any specific reason behind the sharp rise in its share price on on the Australian Securities Exchange.

The company's shares closed up 45% in Australia on Wednesday at AUD0.0290. In London, they were up 12% at 1.43p.

The company confirmed it is continuing progress on the separate listing of its Haggan polymetallic asset in Sweden, and it also continues to press the Department of Mines and the government of Mauritania to grant gold exploration tenements it applied for last year.

Aura said shareholders may be anticipated developments regarding these two initiatives.