Guess which ASX stock jumped 119 per cent last week?
Brought to you by CPS Capital
FLASHPOINT - TRANSCRIPT
Matt Birney - Thanks Tim.
Matt Birney - There's a lot of buzz around rare earths at the moment in the market Kingfisher Mining showed that surging 119 per cent for the week on news of high-grade rare earth rock chips. Its share price hit 63.5 cents on Thursday up from 29 cents last Friday.
Matt Birney - Another rare earth play that hit its straps is Narryer Metals curiously with no announcement out for the week. Its share price soaring 65 per cent.
Matt Birney - Desert Metals rounded out the trifecta of rare earth movers for the week climbing 79 per cent after encouraging field work in WA, it vaulted to a high of 47 and a half cents up from 26 and a half.
Matt Birney - Finally American West Metals came home like a Melbourne Cup favourite, rocketing 86 per cent after a major copper discovery in Canada drove its share price as high as 27 cents up from 14 and a half.
Matt Birney - Now here's a fun fact. There's more copper in an electric vehicle than lithium which is worth pondering for those with an eye on the green revolution.
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