Business
Why the Cannindah Resources (ASX:CAE) share price is leaping 155% today
Cannindah Resources Ltd (ASX: CAE) shares have exploded by as much as 180% today to hit a 5-year high. Investors are responding positively to the news the mineral resources company has identified large amounts of copper and gold at its main site.
At the time of writing, shares in the company have retreated slightly and are swapping hands for 7.9 cents each – up 154.84%. By contrast, the All Ordinaries Index (ASX: XAO) is currently down 0.61%.
Let’s take a closer look at what the miner reported.
What did Cannindah Resources announce?
The Cannindah Resources share price is on fire after the miner declared “significant” deposits…
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