Aspire Mining Ltd (ASX:AKM) is one of the most traded stocks today on the ASX by share volume.
Just after the midday, over 44 million shares in the company had exchanged hands on the ASX.
Shares in the company were also trading up 12.5% to 1.8 cents.
READ: Aspire Mining receives speeding ticket from ASX after shares surge 25% under high volumes
During late-April, the company received an ASX price and volume query after its shares surged as much as 25% in one day.
The company’s principal activities are the development of two coal projects in Mongolia.
Aspire has two key assets in Mongolia, the wholly-owned Ovoot Coking Coal Project and a 90% stake in the Nuurstei Coking Coal Project.
READ: Aspire Mining has numerous share price catalysts on the horizon
Ovoot is a world-class asset containing 255 million tonnes of coal reserves which makes it the second largest coking coal project by reserves in Mongolia.
The reserve is largely from a single large open pit mine and supports a 21-year mine life producing up to 10 million tonnes per annum of ‘fat' coking coal.
Nuurstei is a smaller nearer-term project targeting first production by the first quarter of 2019.
Following a large rights issue in December, drilling and a feasibility study should be completed on the Nuurstei project by mid-year.