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Australia's Manhattan Corp surges on plans to buy project in Canada

ReutersMay 12, 2025 2:24 AM

Manhattan Corp MHC.AX surges as much as 117.7% to A$0.037; marks steepest intraday pct jump since November 29, 2018

Stock hits highest since December 2, 2024

Mineral explorer enters into binding agreement to acquire Hook Lake gold and copper project in Canada from private entity 6106 Resources

Transaction terms include cash payment of A$185,000 ($118,825.50)

More than 37 mln shares traded - 268.6x the 30-day avg - in stock's most active session on record

MHC last up 70.6%, takes YTD gains to 52.6%

($1 = A$1.5569)

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