Australia's Suvo Strategic Minerals jumps after appointing new CEO

Green360 Technologies

07/03/2023 04:17

** Shares of construction materials maker Suvo Strategic
Minerals  SUV.AX  rise as much as 12.8% to A$0.044, their best
pct intraday gain since Feb 6 
    ** Co says it has appointed Hugh Thomas, who has prior
experience in natural resources-focussed positions at several
global banks, as its new chief executive officer
    ** Aaron Banks, currently an executive director, will become
interim non-executive chairman, while current executive chairman
Henk Ludik transitions to a non-executive director role
    ** Suvo stock up 8.3% YTD, as of last close  

    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))