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Shares of Alliance Mineral Assets rise, then drop, following initial test report

Hot Stock

Shares of Alliance Mineral Assets rise, then drop, following initial test report

PC Lee Published on Mon, Oct 03, 2016 / 12:30 PM GMT+8

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SINGAPORE (Oct 3): Shares of Alliance Mineral Assets surged as high as 12.5 cents in the morning before dropping back to last Friday’s close of 12 cents.

Prices started moving after the group announced in a premarket filing claiming initial test results that the lithium deposits from its Bald Hill tenement were “very encouraging”.

(See also: Initial test results of lithium concentrates “very encouraging”, says Alliance Mineral Assets)