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Australian Mines is the ASX Most Active as shares fall on acquisition

Shares in Australian Mines have fallen 16.7% to $0.015.

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The most active stocks in afternoon trade

Australian Mines Ltd (ASX:AUZ) is the most active stock on the ASX by 1:30pm today, trading 52 million shares, although the valuation of the company has fallen 16.7% to $0.015.

The company is acquiring full ownership of the Sconi cobalt-nickel-scandium project in Queensland by signing an agreement with JV partner Metallica Minerals (ASX:MLM).

READ NOW: Australian Mines gains full ownership of cobalt-nickel-scandium project

Company Name Code Last Change Volume
Australian Mines Ltd AUZ $0.015 -16.67% 51,800,609
Atlas Iron Ltd AGO $0.019 5.26% 36,647,113
Lynas Corporation Ltd LYC $0.192 3.78% 34,394,603
ResApp Health Ltd RAP $0.090 7.14% 33,509,903
Red Mountain Mining Ltd RMX $0.017 -19.05% 31,181,636
Centaurus Metals Ltd CTM $0.004 33.33% 27,627,378
Digitalx Ltd DCC $0.074 13.85% 24,132,016
Latin Resources Ltd LRS $0.005 -16.67% 22,518,010
Inca Minerals Ltd ICG $0.007 0% 22,313,477
First Growth Funds Ltd FGF $0.008 33.33% 21,028,911

 

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