December 4, 2018 / 4:10 AM / 10 months ago

BUZZ-Australia's Beadell rises; co says initial limited drilling results 'promising'

** Shares of Beadell Resources rise as much as 4.55 pct to A$0.046, their biggest intraday pct gain since Nov 22

** Gold producer says initial limited drilling undertaken by it shows promising results but it is unable to report exploration results due to change in mining contractor and management changes earlier in the year

** Co says it expects to make further drilling and analysis and provide actual results after its acquisition by Great Panther Silver Ltd is completed

** About 3.3 mln shares change hands compared with the 30-day average of around 1.4 mln shares

** Stock down 75.56 pct this year as of last close

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