Australia's Fenix Resources rises after logistics contract win

Fenix Resources

14/03/2024 01:13

** Shares of Fenix Resources  FEX.AX  rise as much as 4.2%
to A$0.250, their highest since March 1
    ** Stock posts its biggest intraday percentage gain since
March 7
    ** The iron ore producer says it won a haulage and logistics
contract from Australia's Gold Valley Iron Ore
    ** Says will generate more than A$70 mln ($46.35 mln )in
additional revenue for co over three years
    ** About 1.6 mln shares change hands, compared with the
30-day average volume of 900,107
    ** Stock down 15.8% YTD, based on last close

    ($1 = 1.5103 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))