Australia's Fenix Resources rises on securing iron ore contracts

Fenix Resources

14/10/2025 05:50

** Shares of Fenix Resources FEX.AX rise as much as 6.5% to A$0.490, hitting their highest level since October 7

** Stock logs its biggest intraday pct gain since October 6

** Mining & logistics firm secures new iron ore hedging contracts for additional 300,000 metric tons

** Stock up nearly 80% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))