Nimy Resources (ASX:NIM) Addresses ASX Price and Volume Query
Recent Trading Activity
Nimy Resources (ASX:NIM) reported an increase in its securities’ price from A$0.081 to A$0.098 and a significant rise in trading volume since 12 May 2025.
Operational Update
The company announced that drilling commenced in early May at the Block 3 Prospect, targeting potentially high-grade and near-surface mineralisation along strike.
Market Factors
Nimy Resources cited an article by The East Coast Research highlighting a massive discovery of high-grade gallium intervals in WA’s Greenstone Belt, noting that gallium prices are set to benefit from supply chain disruptions and increased demand across industries.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
