Australia's Fenix jumps most in nearly 5 months on upbeat qtr update

Fenix Resources

21/04/2023 05:41

** Shares of Fenix Resources  FEX.AX  jump as much as 6.3%
to A$0.255, posting their biggest intraday pct gain since Dec 5,
2022
    ** The miner says 6 shipments totalling 350,923 wet metric
tonnes (wmt) of iron ore from co's Iron Ridge Mine in Western
Australia sold during quarter ended March 31, vs 5 shipments
totalling 295,000 wmt iron ore in the same period last year
    ** Shares hit highest level since March 6
    ** About 1.1 mln shares change hands vs 30-day average of
799,712 shares
    ** Stock has jumped 5.2% so far this week, on track to
record best week since Feb 24 if gains hold
    ** FEX stock flat YTD as of last close, compared to a 5.7%
increase in the Australian mining sub-index  .AXMM  

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))