Australian miner GWR Group at 5-month high on strong export outlook

GWR

02/07/2021 04:46

** Gold-iron ore miner GWR Group  GWR.AX  rises as much as
9.1% to A$0.36, its highest since Jan 29
    ** Exports total 116,209 wet metric tonnes of C4 iron ore
last month; on track to export 1 mln tonnes by December
    ** Says unit Western Gold Resources  WGR.AX  expected to
debut on ASX on or around July 19
    ** GWR Group's initial public offering to raise maximum A$7
mln ($5.22 mln) at an IPO price of A$0.20
    ** GWR posts its biggest intraday pct gain since June 3
    ** About 872,000 GWR shares change hands, vs the 30-day
average of 442,000 shares
    ** Stock set for a third straight session of gains
    ** Lost a quarter of its value this year, as of last close

    ($1 = 1.3399 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))