Australia's Cobram Estate Olives hits 1-year high on US harvest

Cobram Estate Olives

14/12/2023 02:52

** Shares of Australia's Cobram Estate Olives  CBO.AX  rise
as much as ~6% to A$1.6, their highest level since November 2022
    ** Stock posts its biggest intraday pct gain since Nov. 6
    ** Olive oil producer and marketer reports production of 3.2
mln litres of olive oil from Californian harvest in FY23, up 89%
from FY22     
    ** Increased olive oil availability to enable U.S.
operations to continue to grow sales - CBO
    ** More than 238,900 shares change hands by 0234 GMT, vs
30-day average volume of 125,750
    ** Stock last up 5.3%, bringing YTD gains to 8.5%

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))