India's MOIL rises on increasing manganese ore prices

Moil

01/03/2024 04:44

** Shares of manganese ore producer MOIL  MOIL.NS  up 4.9% to
278.7
    ** MOIL on Thursday said prices of ore with manganese
content below 44% will be increased by 5%, effective March 1
    ** Stock has been trading above its 200-day moving average
since last June
    ** Stock on track for a second consecutive session of gains
but fourth week of losses
    ** 1.4 mln shares traded, compared to 30-day avg of 2.6 mln
    ** Stock is up 84.5% in the past 12 months

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))