Australia's Wellard eyes best day ever on sale of livestock vessel
01/07/2024 05:12
** Shares of Wellard WLD.AX rise as much as 135.3% to
A$0.040, set for their best day ever, if gains hold
** Livestock vessel supplier hits highest level since May 14
** Co sells its oldest livestock vessel, M/V Ocean Ute, to
Bassem Dabbah Shipping for $12.0 mln
** Says co intends to return majority of net sales proceeds
to shareholders
** About 2.4 mln shares change hand compared to 30-day
average trading volume of 258,843 shares
** Stock down 58.5% YTD as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))