Australia's Metro Mining hits over 21-mnth high on FY24 forecast

Metro Mining

29/02/2024 03:06

** Shares of Metro Mining  MMI.AX  rise 6.9% to A$0.030,
their highest since May 2022; last up 3.5%
    ** Bauxite miner sets forecast for production and shipment
at 6.3 mln to 6.8 mln wet metric tonnes for 2024
    ** Says underlying EBITDA improved to A$18.5 mln ($12.1 mln)
compared to loss of A$24.8 mln
    ** About 12 mln shares change hands, compared with the
30-day average volume of 6.6 mln shares
    ** Stock up 42.9% so far this year


($1 = 1.5356 Australian dollars)

 (Reporting by Megha  Rani)
 ((Megha.Rani2@thomsonreuters.com;))