Australia's Ecofibre hits nearly 3-week high on securing loan facilities

Ecofibre

23/12/2024 01:12

** Shares of Australia's Ecofibre  EOF.AX  rise as much as
10.7% to A$0.031, their highest level since Dec. 4
    ** Stock on track for a third consecutive session of gains,
if current trend holds
    ** Hemp products manufacturer secures loan facilities of $3
mln for equipment, and a $5 mln loan for working capital
    ** Stock down 82.5% YTD, as of last close

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