Australia's Fertoz jumps most in nearly 1-1/2 years on robust orders

Canadian Phosphate

05/12/2022 04:59

** Shares of Fertoz Ltd  FTZ.AX  soar as much as 38.9% to
A$0.250, their biggest intraday pct gain since June 2021
    ** Phosphate maker says it receives orders for 18,000 tonnes
(more than A$9 mln ($6.16 mln)) of new fertilizer pellet product
    ** Sees strong demand for rock phosphate, with 2023 orders
to grow by 230% vs 2022 volumes
    ** Stock posts its highest level since Aug. 1 
    ** Shares on track for a third straight session of gains, if
move holds
    ** More than 920,000 shares change hands, vs the 30-day
average volume of 130,000 shares 
    ** Stock has fallen 28.0% this year, as of last close
 
 ($1 = A$1.4601)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))