BUZZ-Australia's Fenix Resources jumps on record quarterly shipment, forecast hike
Reuters
Jan 22
BUZZ-Australia's Fenix Resources jumps on record quarterly shipment, forecast hike
** Shares of Australian miner Fenix Resources FEX.AX jump 6.5% to A$0.49, set for strongest session since December 11 if current gains hold
** Co reports record quarterly iron ore shipments of 1.2 million wet metric tons, representing a 40% increase from prior quarter
** Upgrades FY26 total iron ore sales forecast to 4.2 to 4.8 mln tons from 4.0-4.4 mln tons expected earlier
** Stock up 1% YTD after an 83% jump in 2025
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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