Australia's Metro Mining rises on higher quarterly shipments

By Reuters News

** Shares of Metro Mining MMI.AX rise 2.7% to A$0.77, their highest level since October 22

** Bauxite miner reports Q3 shipments of 2.1 million wet metric tons, up 17% from previous quarter

** Says Q3 EBITDA margins improved by 59% quarter-on-quarter to A$7 per wet metric ton, while delivered bauxite prices rose 6.5%

** About 1.5 mln shares change hands, 1.4x the 30-day avg

** Stock down 49.7% YTD, including current moves

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk