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

November 21, 2022 08:01 PM PST | By Khushboo Joshi
 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).


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