Australia's Panoramic Resources jumps on strong quarterly production

Panoramic Resources

06/10/2023 04:36

** Shares of Panoramic Resources  PAN.AX  rise as much as
10.6% to A$0.037, set for best day since June 19, if gains hold
    ** Nickel miner says it achieved positive production results
for Savannah nickel project in Western Australia for the
September quarter
    ** Co reported a 56% increase in contained nickel production
and concentrate production in the quarter
    ** Co reported a 42% increase in contained copper production
and a 76% increase in contained cobalt production
    ** Two of four analysts rate the stock "buy" or higher and
two "hold"; their median PT is A$0.14 – LSEG data
    ** Stock down 81.1% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))