Why Narryer Metals’ (ASX:NYM) shares are skyrocketing today

Published on November 22, 2022 03:01 PM AEDT

Why Narryer Metals’ (ASX:NYM) shares are skyrocketing today — Image source: © Adwo | Megapixl.com

Highlights

The share price of Narryer Metals has gained around 50% on the ASX today.

The company has announced high-grade Rare Earth Elements and scandium results from the drilling at Rocky Gully Project.

Recently, Narryer Metals managed to access pulps from six Herron Resources RC drill holes at the Ivar Prospect.

ASX-listed Ni-Cu-PGE (platinum group elements) exploration firm Narryer Metals Limited (ASX:NYM), on Tuesday (22 November 2022, shared that it has encountered high-grade Rare Earth Elements (REE) and scandium (Sc) results from the re-assay of pulp samples obtained from previous reverse circulation (RC) drilling at the Rocky Gully Project, Western Australia.

After this significant update, the company's shares zoomed up by 48.387% on the ASX and were quoted at AU$0.230 apiece at 1:00 PM AEDT.

Key takeaways from the assay results:

Dr Gavin England, Managing Director, stated:

The share price performance of Narryer Metals on the ASX

The shares of Narryer Metals have gained 79.17% in the last five trading days on the ASX. The shares have gained by 53.57% over the previous one month and have moved up 19.44% in the past six months on the ASX. However, during the last one year, the shares have shed 25.86% on the ASX (as of 1:35 PM AEDT, 22 November 2022).

Khushboo Joshi

Author

Khushboo Joshi - Financial Journalist
151 Posts
Khushboo Joshi is a multimedia professional with over eleven years of versatile experience in Journalism and Content management across various domains. Also, owing to passion for literature, story-telling and features & fiction writing comes naturall...
Follow Khushboo Joshi Follow
Ashish

Editor

Ashish - Financial Journalist
724 Posts
Ashish is a Financial Journalist with an experience of nearly 9 years in the field of economy, stock market and foreign affairs. He has also spent a few years in the corporate sector. A mechanical engineer with post-graduation in marketing and operat...

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.