29Metals sees best day in 7 weeks as miner recovers from sharp losses

29Metals

26/05/2023 05:33

** Shares of 29Metals  29M.AX  climb as much as 12.5% to
A$0.720, seeing their best day since Apr 12 - if gains hold 
    ** The copper focused producer recoups its previous losses 
after analysts on Wednesday cut price targets for co after its
2023 production outlook for Capricorn copper mine failed to
impress  urn:newsml:reuters.com:*:nL4N37M0HV
    ** About 7.4 million shares change hands, 1.9 times compared
to the 30-day average volume of about 4 mln shares 
    ** Stock has fallen ~66.5% this year, as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))