Business
Here’s why the Hammer Metals (ASX:HMX) share price reached a multi-year high
The Hammer Metals Limited (ASX: HMX) share price is flying today. This comes after the company announced that it has been approved an additional drilling program at the Trafalgar prospect at its Mount Isa East Joint Venture.
During morning trade, the Hammer Metals share price reached a multi-year high of 10.5 cents. However, some apparent profit taking led the company’s shares to retreat to (at the time of writing) 8.9 cents, up 18.6% for the session.
What did Hammer Metals announce?
The Hammer Metals share price is storming higher as investors digest the company’s latest news.
According to its release, Hammer Metals advised that it has been given the green light to drill extra holes at the Trafalgar prospect. This follows on…
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