Superior Resources (ASX:SPQ) saw its share value rise by an impressive 25%, reaching A$0.025.

This represents the most considerable intraday percentage gain the company has seen since June 2 of 2022.

The ascent in the value of Superior’s shares comes after the company revealed successful assay results.

Superior Resources discovered copper and gold assays of a relatively high grade at the Cockie Creek prospect, which is located within its Greenvale project in Queensland.

Trading volumes for Superior Resources were also high, with over 4.5 million shares being exchanged.

This represents a significant increase over the 30-day average, exceeding it by more than two times.

Despite the recent success, Superior Resources shares have fallen by 64.3% thus far this year, as of the last closing price.

Superior Resources is a mineral exploration company primarily focused on the development and exploration of base and precious metals, primarily in Australia.