Australia's Fenix Resources hits 2-1/2-month high on upbeat quarter production

Fenix Resources

12/04/2022 03:29

** Shares of Fenix Resources  FEX.AX  rise as much as 6.9%
to A$0.3, hitting their highest level since Jan 20
    ** Co gains the most since March 3
    ** The iron ore miner says five shipments of about 295,000
wet metric tonnes (wmt) of iron ore from Iron Ridge project in
Western Australia sold during the March quarter   urn:newsml:reuters.com:*:nFWN2W91DE
    ** Co says in March quarter it mined 340.6 thousands wet
metric tonnes (kwmt) of ore, compared with 277.9 kwmt in
December 
    ** Trading volumes are 3.7 times the 30-day average of 2.1
mln shares 
    ** Stock up 7.4% this year, as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))