Australia's Jervois Global gains on Q1 cobalt sales jump

Jervois Global

27/04/2023 04:17

** Shares of cobalt miner Jervois Global  JRV.AX  jump as
much as 11.5% to A$0.097, their biggest intraday pct gain since
April 20 
    ** JRV posts cobalt sales of 1,558 metric tonnes from its
operations in Finland in Q1 2023, up 15% on Q4 2022
    ** JRV, however, says Q1 revenue declined 21% from Q4 2022
to $57.6 mln
    ** Increase in sales was more than offset by the impact of
lower cobalt prices in the period - JRV
    ** Stock among top gainers on the ASX All Ordinaries index
 .AORD 
    ** JRV down 68.4% YTD, as of last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))