Australia's Terracom jumps most in 12 weeks on robust dividends, outlook

Terracom

17/11/2022 24:33

** Shares of coal-focused miner Terracom Ltd  TER.AX  jump as
much as 13.1% to A$0.950, on track for their biggest pct gain
since Aug. 26
    ** Co declares fully franked total dividend of 10 AU cents
per share which includes an ordinary dividend and special
dividend of 7.5 and 2.5 AU cents per share respectively
 urn:newsml:reuters.com:*:nFWN32C3SS
    ** Sees strong demand for thermal coal continuing 
    ** Says co's outlook on the coal market remains positive 
    ** Shares hit their highest levels since Nov. 7 
    ** Stock up 377.3% this year as of last close, vs a 4.3%
decrease in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))