Gold Road Resources hits record high after spurning Gold Fields' bid
Shares of Australia's Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields' $2.1-billion acquisition proposal, deeming it to significantly undervalue the firm. Gold Road Resources' stock jumped as much as 15.5% to a record high of A$2.830 earlier in the day. It was last trading up 13.9%, as of 01:45 GMT.
Shares of Australia's Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields' $2.1-billion acquisition proposal, deeming it to significantly undervalue the firm.
Gold Road Resources' stock jumped as much as 15.5% to a record high of A$2.830 earlier in the day. It was last trading up 13.9%, as of 01:45 GMT.
