Shares of Buxton Resources (ASX:BUX) have climbed as much as 8% to A$0.135, reaching their highest since late February.

The Australian company reported rock chip sampling results from the Sun Devil and Aztec prospects at its Copper Wolf Project located in Arizona, United States.

The results returned highly anomalous levels of copper and molybdenum, according to the company.

A significant amount of shares changed hands, with approximately 157,427 shares traded, surpassing the 30-day average of 111,899 shares.

Despite the positive news, Buxton Resources' (ASX:BUX) stock has seen a 26.5% decrease year-to-date, looking at the last closed trading session.

Buxton Resources (ASX:BUX) is a diversified mining company based in Australia.