BUZZ-Australia's Ecofibre hits nearly 3-week high on securing loan facilities

Reuters09:12
BUZZ-Australia's Ecofibre hits nearly 3-week high on securing loan facilities

** Shares of Australia's Ecofibre EOF.AX rise as much as 10.7% to A$0.031, their highest level since Dec. 4

** Stock on track for a third consecutive session of gains, if current trend holds

** Hemp products manufacturer secures loan facilities of $3 mln for equipment, and a $5 mln loan for working capital

** Stock down 82.5% YTD, as of last close

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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