Australia's Fenix Resources rises on quarterly activities report

Fenix Resources

27/01/2023 02:56

** Shares of Fenix Resources Ltd  FEX.AX  rise as much as
3.8% to A$0.275, their highest since Sept. 2, 2022
    ** Miner says five shipments totalling 298,439 wet metric
tonnes (wmt) of iron ore from co's Iron Ridge Mine in Western
Australia were sold during the quarter
    ** Says shipping costs decreased to $21.7 per dry metric
tonne for the quarter 
    ** Adds co has increased operating margin on stable
production volumes 
    ** About 1.7 mln shares trade hands compared with 30-day
average trading volume of 1.1 mln shares
    ** Shares up 10.4% YTD as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))