• Shares of Nexus Minerals rise as much as 16% to A$0.058, their highest level since March 19

• Stock posts its biggest intraday pct gain since April 8

• The gold miner signs a memorandum of understanding (MoU) with Australia's Macro Metals unit, Macro Gold Mining Services (MGMS)

• Under the MoU, Macro Gold to provide and fund mine development, mining operation to complete delivery of Crusader-Templar gold deposit

• Near 2 million shares change hands, 2.6x the 30-day average volume

• NXM stock has fallen 20% YTD, including day's moves

(Reporting by Roshan Thomas in Bengaluru)