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Northern Mining's Share Spike Attracts ASX Price Query

Northern Mining (ASX:NMI) received an ASX price query yesterday when its shares hit $0.024 intra-day, which is 85% higher than the $0.013 closing price a day earlier.

Shares in the company kept climbing and by the end of the session were $0.029.

Northern Mining said it was not aware of any information to explain the change in share price.

The company did however state: 'There were some interest shown by the US fund institutes recently following the Proactive Q&A Sessions conducted with the Company's Chairman.'

ACCESS HERE: Northern Mining's chairman Tony Ong in Proactive Q&A Sessions™

Northern Mining added that the company has recently sold its Georges Reward's tenement to Metals X (ASX:MLX) for $4.5 million, and it now has $9 million in cash at the bank.

The company also said that it has been actively looking to invest in good mining assets located locally and/or overseas and will provide the details once it is confirmed.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.