Australia's Grange Resources eyes worst day in 6-weeks on lower quarterly production

Grange Resources

26/04/2024 04:08

** Shares of Australia's Grange Resources  GRR.AX  fall as
much as 3.98% to A$0.423, logging its biggest intraday pct fall
since March 13
    ** Stock hits its lowest level since April 19
    ** Stock up near 0.6% for the week so far after logging two
straight weekly decline
    ** Iron ore miner posts concentrate production of 586 KT in
March qtr vs 684 KT in previous qtr
    ** Says pellet sales in March qtr decreased to 565 KT vs 648
KT in Dec qtr
    ** Unit cash operating cost increased for qtr to A$161.70/t
vs A$132.59/t for Dec qtr due to lower concentrate production -
GRR
    ** 789,285 shares change hands as of 0302 GMT, vs 30-day
average volume of 1.9 mln shares
    ** Stock down 5.4% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))