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Australian Mines is the ASX Most Active as shares fall on acquisition

Shares in Australian Mines have fallen 16.7% to $0.015.

Australian Mines Ltd (ASX:AUZ) is the most active stock on the ASX by 1:30pm today, trading 52 million shares, although the valuation of the company has fallen 16.7% to $0.015.

The company is acquiring full ownership of the Sconi cobalt-nickel-scandium project in Queensland by signing an agreement with JV partner Metallica Minerals (ASX:MLM).

READ NOW: Australian Mines gains full ownership of cobalt-nickel-scandium project

Company Name · Code · Last · Change · Volume

Australian Mines Ltd · AUZ · $0.015 · -16.67% · 51,800,609

Atlas Iron Ltd · AGO · $0.019 · 5.26% · 36,647,113

Lynas Corporation Ltd · LYC · $0.192 · 3.78% · 34,394,603

ResApp Health Ltd · RAP · $0.090 · 7.14% · 33,509,903

Red Mountain Mining Ltd · RMX · $0.017 · -19.05% · 31,181,636

Centaurus Metals Ltd · CTM · $0.004 · 33.33% · 27,627,378

Digitalx Ltd · DCC · $0.074 · 13.85% · 24,132,016

Latin Resources Ltd · LRS · $0.005 · -16.67% · 22,518,010

Inca Minerals Ltd · ICG · $0.007 · 0% · 22,313,477

First Growth Funds Ltd · FGF · $0.008 · 33.33% · 21,028,911