Australia's 29Metals rises on smaller FY loss

29Metals

26/02/2025 01:29

** Shares of 29Metals 29M.AX rise 5.9% to A$0.180

** Stock rose as much as 8.82% to A$0.185, marking its biggest intraday gain since October 21, 2024

** Copper-focused miner posts FY net loss of A$178 million  ($112.80 million) vs loss of A$440 million last year

** Co posts FY total revenue of A$551 million, up 23% from last year

** Stock down 27.6% YTD, including session's moves

($1 = 1.5780 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))