Austral Gold is trading 9.6% up at $0.12 as shares stabilize following yesterday’s sharp unwind of speculative gains linked to its non-binding copper collaboration MOU with Freehill Mining.
- The stock fell 19.2% to $0.10 in the previous session as traders reacted to the lack of binding agreements or disclosed project economics.
- Today’s move marks a partial recovery as the market reassesses the copper-focused memorandum of understanding after the initial speculative pullback.