The latest update is out from Grange Resources Limited ( (AU:GRR) ).
Grange Resources Limited reported a resilient performance for FY 2024 despite facing challenging market conditions, with a slight decline in iron ore product sales and a significant drop in profit after tax due to lower iron ore prices and increased operating costs. The company achieved a 5% increase in pellet production and completed a Definitive Feasibility Study for the North Pit Underground project, which is expected to reduce operating costs and expand margins. Grange is progressing with financing for this project and remains committed to long-term growth and decarbonization initiatives.
More about Grange Resources Limited
Grange Resources Limited is a company operating in the iron ore industry, primarily focused on the production and sale of iron ore pellets, chips, and concentrates. The company is based in Tasmania, Australia, and is listed on the Australian Securities Exchange (ASX: GRR).
YTD Price Performance: -33.82%
Average Trading Volume: 22,182
Technical Sentiment Signal: Strong Buy
Current Market Cap: $134.8M
See more data about GRR stock on TipRanks’ Stock Analysis page.