Australia's Peak Rare Earths jumps after Tanzania project stake sale
** Shares of Peak Rare Earths PEK.AX rise as much as 31.4% to A$0.23, their biggest intraday percentage gain since March 20
** Stock hits its highest level since June 12
** The rare-earths explorer says Chinese miner Shenghe Resources 600392.SS will buy a 50% stake in co's Ngualla Project in Tanzania for A$96 mln ($63.42 mln)
** About 614,000 shares change hands, compared with the 30-day average volume of around 235,000
** Stock trims YTD losses to 35.7%, including session's moves
($1 = 1.5138 Australian dollars)
Reporting by Aaditya Govind Rao in Bengaluru
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