Australia's Korvest tracks best day in over a year on higher H2 view

Korvest

06/05/2021 02:03

** Shares of mining co  KOV.AX  surge as much as 9.3% to
A$4.80, set for their best day since April 15, 2020
    ** Stock hits highest level since February 17
    ** KOV expects H2 pre-tax profit of A$3.3 mln-A$3.8 mln
($2.6 mln-$2.9 mln), compared with H1 earnings of A$2.2 mln
 urn:newsml:reuters.com:*:nASX8lHyHX    
    ** About 18,000 shares traded vs their 30-day moving avg of
22,000 shares
    ** Up to Wednesday's close, stock had fallen 12.2% this year

($1 = 1.2915 Australian dollars)

 (Reporting by Shashwat Awasthi in Bengaluru)
 ((Shashwat.Awasthi@thomsonreuters.com))