BUZZ-Australia's VRX Silica gains most in over 7 weeks on supply deals
Reuters
Oct 23
BUZZ-Australia's <a href="https://laohu8.com/S/VRXND.AU">VRX Silica</a> gains most in over 7 weeks on supply deals
** Shares of VRX SilicaVRX.AX rise as much as 25% to A$0.11, marking their biggest intraday pct gain since September 2
** Stock hits highest since October 9
** Silica sand company secures four binding offtake contracts for the supply of silica sand from its Arrowsmith North silica sand project in Western Australia
** Contracts are for the supply of an aggregate minimum of 410,000 tonnes per annum of silica sand products to suppliers of foundry industries in South Korea, Taiwan, and a glass manufacturing supplier in the Philippines
** YTD, stock has more than doubled in value
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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