Shares in West Perth-based gold and copper explorer Avoca Resources Ltd rose this morning after UK-based Pala Investments Holdings Ltd acquired the 13.3 per cent stake in the company held by Gold Fields Ltd.

Shares in West Perth-based gold and copper explorer Avoca Resources Ltd rose this morning after UK-based Pala Investments Holdings Ltd acquired the 13.3 per cent stake in the company held by Gold Fields Ltd.