Avenira hits 7-mth high on issuing updates regarding phosphate project

Avenira

10/11/2022 24:48

** Shares of Australia's Avenira  AEV.AX  rise as much as
18.4% to A$0.023, their highest since April 12
    ** Miner gives updates on proposed Wonarah DSO Phosphate
project in Australia's Northern Territory  urn:newsml:reuters.com:*:nASX1G3lSm
    ** Says offtake discussions have advanced , with binding
agreements expected for sale of upto 600,000 TPA of high grade,
high value Wonarah DSO phosphate ore
    ** Stock posts its biggest intraday pct gain since Nov 2
    ** Over 23.3 mln shares change hands, compared with the
30-day average volume of 7.4 mln shares
    ** Stock has risen 15.3% this year as of last close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))