Caravel Minerals shares set for biggest gain in over four months on MOU signing
Shares of Australian exploration company Caravel Minerals surged as much as 11.5% to A$0.2600 on Tuesday, on track for their largest percentage gain since May 6. The company signed a non-binding Memorandum of Understanding (MOU) with Australian mining services provider Thiess. The MOU outlines Thiess's provision of mining services for Caravel Copper Project for an initial seven-year period, including all engineering and cost estimates.
2600, putting the stock on course for its biggest percentage gain since May 6 if those gains hold. The exploration company said it signed a non-binding Memorandum of Understanding with Australian mining services provider Thiess, under which Thiess will provide mining services for CVV's Caravel Copper Project. Thiess will also provide all engineering and cost estimates for the initial seven-year mining contract. 6% year to date, including session moves.