Australian Strategic Materials hits near 1-month high after narrower HY loss

Australian Strategic Materials

14/03/2024 04:28

** Shares of Australian Strategic Materials  ASM.AX  rise as
much as 3.8% to A$1.090, their highest since Feb 19
    ** The metals producer posts HY net loss after tax of A$8.6
mln ($8.60 mln), compared with loss of A$12.1 mln a year ago
    ** Over 458,800 shares change hands, 2.1x the 30-day avg
volume
    ** Stock down ~17% YTD, as of last close

    ($1 = 1.5124 Australian dollars)
    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))