Evolution Mining share price snaps back — what traders watch before Feb 11 results
Evolution Mining shares rose 4.2% to A$14.46 Tuesday, rebounding after a sharp drop, with 6.36 million shares traded. Gold climbed 3% in Asia to about $4,820 an ounce, while the Australian dollar strengthened past 70 U.S. cents after the Reserve Bank of Australia raised its cash rate to 3.85%. The ASX 200 closed up 0.9%. Evolution’s half-year results are due Feb. 11.