Shares in Cassius Mining (ASX:CMD) have shown an increase as much as 6.25% to A$0.034.

The company’s stock is poised for its largest intraday percentage increase since August 24 if the trend continues.

This mining company, which specializes in industrial minerals, reported that both co-arbitrators from CMD and Ghana have agreed to allow a chairperson to be selected by October 9.

CMD has launched an international arbitration against the Republic of Ghana since February.

In trading news, about 580,000 shares have changed hands, surpassing its 30-day average volume by 1.4 times.

The value of the stock has risen 60% year-to-date at the last close.

Cassius Mining is a mining company specializing in the development and extraction of industrial minerals.