BUZZ-Australia's Metro Mining hits over 21-mnth high on FY24 forecast

Reuters02-29

** Shares of Metro Mining rise 6.9% to A$0.030, their highest since May 2022; last up 3.5%

** Bauxite miner sets forecast for production and shipment at 6.3 mln to 6.8 mln wet metric tonnes for 2024

** Says underlying EBITDA improved to A$18.5 mln ($12.1 mln) compared to loss of A$24.8 mln

** About 12 mln shares change hands, compared with the 30-day average volume of 6.6 mln shares

** Stock up 42.9% so far this year

($1 = 1.5356 Australian dollars)

(Reporting by Megha Rani)

((Megha.Rani2@thomsonreuters.com;))

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