Australia's Metarock Group gains on higher EBITDA

Mastermyne

30/07/2024 04:23

** Shares of Metarock Group  MYE.AX  rise as much as 2.4% to
A$0.21, their highest level since July 17
    ** Mining services co says Q4 EBITDA (before profit on sale
of assets and PYBAR business) A$12.8 mln ($8.38 mln), compared
with $12.1 mln in Q3
    ** However, Q4 revenue of A$110 mln was A$8 mln lower than
the previous quarter due to the sale of PYBAR business
    ** Nearly 304,500 shares change hands by 0311 GMT, 1.2 times
the 30-day average volume of shares
    ** Stock had risen 64% this year, as of last close

($1 = 1.5277 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))