Shares in Resource Development Group (ASX:RDG) advanced as much as 11.1% to A$0.050, indicating its best performing day since August 11 if the gains hold.

The company announced that its unit has received project work from a subsidiary of Mineral Resources (ASX:MIN) on its Onslow Iron Project.

The contract holds a value of A$140 million.

This has led Resource Development Group’s shares to reach their highest level since September 11.

Over 702,900 shares have traded hands, 3.2 times the 30-day average volume of 217,455 shares.

Previously, the stock had seen a drop of approximately 22.4% this year, as of the last closing.

Resource Development Group is a construction and engineering firm.