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Azarga clears up heavy trading volume mystery

Azarga shareholders can stop fretting; Wednesday's spike in trading volumes was apparently caused by a fund, that is being wound up, exiting its position.
It was a bit of a head-scratcher

Azarga Metals Corp (CVE:AZR) has got to the bottom of why its shares were so heavily traded on Wednesday, 5 April.

Azarga understands that a fund that is in the process of being wound up offloaded its entire holding of 1.25mln shares.

The sale came a day after Azarga’s shares surged following the announcement of a maiden resource estimate at its Russian copper-silver asset, Unkur.

Read Azarga Metals is sitting on a copper-silver resource of major significance at Unkur

Watch 'We've barely scratched what Unkur can be', says Azarga Metals' Dusty Nicol

Azarga Metals continues to be excited by the positive progress being made at its Unkur copper-silver project, the company said.

Shares were unchanged in early trading on Friday.

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