Australia's Emerald Resources hits over 2-week high on upbeat FY results

Emerald Resources NL

01/09/2023 03:42

** Shares of Emerald Resources Nl  EMR.AX  rise as much as
3.0% to A$2.440, their highest level since Aug 14 
    ** The gold explorer posts FY profit after tax of A$66.2
mln($42.93 mln), a 46% jump from last year
    ** Co's posts a 45% jump in FY gold revenue 
    ** Says results driven by strong production from co's Okvau
Gold Mine in Cambodia and an increase in gold prices
    ** Co on track to post their third consecutive session of
gains, if trend holds  
    ** EMR stock up 100% YTD, as of last close 
   
    ($1 = 1.5420 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))