Australasian Metals soars on acquiring quartz project in Northern Territory

** Shares of Australasian Metals AA8G rise as much as 71.1% to A$0.130, on track for their best day since Sept 17, 2021

** Stock hits highest level since Jan. 18

** High pure quartz is a key strategic raw material for global semiconductor and electronics industries

** Co enters option agreement with Verdant Minerals

** About 793,667 shares change hand compared to 30-day average trading volume of 32,878 shares

** Stock down 55.3% YTD as of last close