Shares for EV Resources (ASX:EVR) have experienced a significant boost, jumping as tremendously as 21.4% to stand at a notable A$0.017 - the highest value since May 18.

This rise comes on the heels of the Australian metals mining company announcing the completion of agreements for the purchase of a 70% stake in the high-grade Parag copper-molybdenum project located in Peru.

It’s also worth mentioning that permitting and planning activities for an initial 8km diamond hole programme are already underway.

EV Resources (ASX:EVR) witnessed its highest intraday percentage gains since May 4, although the stock’s overall performance has been flat this year, up until the most recent close.

EV Resources is an Australian mining company specializing in the exploration and extraction of metal resources.