Australia's Fertoz climbs on bright outlook for fertiliser business

Canadian Phosphate

18/03/2022 02:45

** Shares of phosphate maker Fertoz Ltd  FTZ.AX  jump as
much as 18% to A$0.295 after co issues upbeat outlook on
fertiliser business
    ** Co says it expects fertiliser sales to continue growing
in 2022, March-quarter sales have recorded growth  urn:newsml:reuters.com:*:nASX4Mssyz 
    ** Fertiliser prices have soared since Russia's invasion of
Ukraine, providing further lift to the stock price  urn:newsml:reuters.com:*:nL2N2VE1JZ 
    ** FTZ stock has gained about 50% in the past two weeks 
    ** Trading volumes nearly twice the 30-day average, with
about 508,000 shares changing hands so far on Friday
    ** FTZ flat YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))