Australia's Elmore tracks best day in 7 years as commercial production starts at plant
14/04/2022 05:28
** Shares of mineral processing company Elmore Ltd ELE.AX
rise as much as 69.7% to A$0.056
** Shares to mark best day since February 2015, if gains
hold
** Co says https://bit.ly/37iOH2G commercial production at
Peko Magnetite plant in Northern Australia has commenced
** Adds production has increased to meet rail capacity
constraint of 350,000 tonnes/year
** 73 mln shares change hands, compared with the 30-day
average volume of 2.1 mln
** Stock up 43.5% this year, as of last close
(Reporting by Anan Ashraf)
((Anan.Ashraf@thomsonreuters.com))
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