ReutersReuters

Australia's Fenix Resources rises on securing iron ore contracts

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** Shares of Fenix Resources FEX rise as much as 6.5% to A$0.490, hitting their highest level since October 7

** Stock logs its biggest intraday pct gain since October 6

** Mining & logistics firm secures new iron ore hedging contracts for additional 300,000 metric tons

** Stock up nearly 80% this year, including the day's move

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