Australia's Fenix Resources hits near 3-yr high on restart of mining ops

Fenix Resources

04/07/2024 02:19

** Shares of Fenix Resources  FEX.AX  rise as much as 11.8%
to A$0.380, hitting its highest level since July 30, 2021
    ** The iron ore miner approves restart of mining operations
at unit's shine iron ore mine, located in Western Australia
    ** Adds, production is expected to commence during December
2024 quarter
    ** Stock posts its biggest intraday pct gain since April 19,
2022, if current gains hold
    ** Stock up for fourth straight day, set to snap four-week
losing run 
    ** About 4.4 mln shares change hands, compared with the
30-day average volume of 1.1 mln shares
    ** Stock has risen over 19% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))