Australia's Select Harvests tracks best day in 14 months on upbeat guidance

Select Harvests

15/09/2022 02:35

** Shares of Select Harvests Ltd  SHV.AX  soar as much as
15.3% to A$5.66 - set to mark best day since July 2021 if gains
hold
    ** Almond producer's stock hits its highest since June 10
    ** SHV says it expects crop volumes in 2022 to be between
28,800 MT and 29,200 MT, compared with 28,250 MT last year (https://bit.ly/3S18iqp)
    ** Says forecast fair value sales price is slightly higher
at A$6.75/kg, compared to previously advised value A$6.64/kg
    ** Stock had fallen nearly 21% this year, as of last close

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))