Australia's Cufe rises as mining restarts at iron ore project

Cufe

12/01/2022 02:13

** Shares of Cufe Ltd  CUF.AX  jump as much as 10% to
A$0.044, on track for their best day since Dec. 31
    ** Mineral exploration co announces recommencement of mining
activities at JWD Iron Ore Project in Western Australia in which
co holds 60% stake via its unit  urn:newsml:reuters.com:*:nASXQZgmd
    ** Adds that increased headline iron ore prices and lowering
sea freight rates have positively impacted co
    ** More than 2.7 mln shares change hands, compared with the
30-day average volume of about 1.7 mln shares
    ** CUF stock has fallen 2.4% this year as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))