Australia's Grange Resources hits 9-year high on strong pellet output, firmer prices

Grange Resources

27/04/2021 03:43

** Iron ore pellet producer's shares  GRR.AX  rise as much
as 5.8% to A$0.635, highest since April 2, 2012
    ** Company says Q1 pellet output rose to 616kt from 479kt
during Q4 due to a planned shutdown for an installation in Q4
 urn:newsml:reuters.com:*:nASXbGD4Bb
    ** GRR says Q1 avg received prices rose to $228.52/t vs
$174.69/t in Q4
    ** Stock posts biggest intraday pct gain in more than four
weeks
    ** Nearly 4.5 mln shares change hands vs 30-day avg volume
of about 2.4 mln
    ** Stock has more than doubled this year, as of last close

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604))