BUZZ-Australia's Liontown Resources surges on upbeat Q2 production

Reuters
01-21
BUZZ-Australia's Liontown Resources surges on upbeat Q2 production

** Shares of battery minerals producer Liontown Resources LTR.AX up 11.1% at A$0.7, top gainers on benchmark ASX 200 index .AXJO

** Stock rose as much as 14.3% to A$0.72 in early trade, posting its biggest intraday pct gain since early October and hitting its highest since Dec. 4

** Co says spodumene concentrate production rose more than three-fold from the first quarter to 88,683 dry metric tonnes in the second quarter

** Says revenue jumped to A$89.8 mln ($56.37 mln) from A$11.6 mln

** Stock has risen 28.6% this year, including current session's moves

($1 = 1.5931 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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