Stocks of the Hour: Riedel Resources, Volpara Health, Godolphin Resources

Riedel Resources (ASX:RIE) has announced that their diamond drilling has confirmed high grade gold at their project in Arizona. In response, Riedel Chairman Michael Bohm stated: “These first assay results from recent diamond drilling again demonstrate that the mineralisation at Tintic commences at very shallow depths, is flat lying, and appears to be of exceptional grade.” Shares are trading 75 per cent higher at 1.4 cents.

Volpara Health (ASX:VHT) announced a quarterly cash flow report for the quarter ending 31 December 2022. This was the company’s first positive net cash flow quarter on record and The Net operating and investing cash inflow in Q3 FY23 improved by 134%. In response, Volpara Group CEO Teri Thomas said: “As planned, our top line continues to increase while our cost base has declined. We continue to emphasise sales and positive engagements with our customers alongside settling into our streamlined operations.” Shares are trading 9.9 per cent higher at 77.5 cents.

Godolphin Resources (ASX:GRL) announced that drilling has confirmed rare earth and rare metal potential. In response, Managing Director Ms Jeneta Owens said: “Of the final 22 drill hole results, 19 intercepted mineralisation. This is extremely encouraging given eight of these were drilled outside of the bounds of known REE mineralisation, highlighting the potential for a considerably larger REE system.” Shares are trading 11.1 per cent higher at 10 cents.
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Source: Finance News Network