Australia's Neurizer eyes best day in 7 months on urea supply deal

Neurizer

04/07/2022 01:35

** Shares of urea producer Neurizer Ltd  NRZ.AX  soar as
much as 38.9% to A$0.25, on track for their sharpest single-day
pct jump since November 2021
    ** Co signs a A$1.5 billion ($1.02 billion) agreement with a
unit of South Korean conglomerate DL Holdings  000210.KS 
 urn:newsml:reuters.com:*:nFWN2YI1CX
    ** Says deal is for the supply of 500,000 tonnes of granular
urea per year for an initial five-year term 
    ** Shares are at their highest levels since June 29 
    ** More than 2.9 mln shares change hands, compared with the
30-day average volume of ~1.2 mln shares  
    ** NRZ up 12.5% this year, as of last close, vs 10.7%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.4652 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))