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Sheffield (ASX:SFX) share price whizzes 34% higher, hitting 52-week-high


Sheffield (ASX:SFX) share price whizzes 34% higher, hitting 52-week-high
Aaron Teboneras | December 15, 2020 5:49pm |
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Sheffield Resources Ltd(ASX: SFX) share price whizzed higher today, hitting a 52-week high of 48 cents in mid-afternoon trade before retreating. This comes after the Foreign Investment Review Board (FIRB) gave the nod for an investment by its proposed joint venture partner,
YGH Australia Investment Pty Ltd.
At close of trade today, the Sheffield share price was swapping hands for 39 cents, up 21.87%.
What’s driving the Sheffield share price up today?
In today’s release, Sheffield advised that FIRB has cleared the pathway for Yansteel to invest $130.1 million in a 50% stake of the Thunderbird Mineral Sands project. The favourable outcome will see Sheffield and Yansteel become equal strategic partners. ....

Bruce Mcfadzean , Scott Phillips , Sheffield Resources Ltd , Australia Investment Pty Ltd , Foreign Investment Review Board , Investment Pty , Thunderbird Mineral Sands , Western Australian , Motley Fool Share Advisor , ஸ்காட் பிலிப்ஸ் , ஷெஃபீல்ட் வளங்கள் லிமிடெட் , ஆஸ்திரேலியா முதலீடு ப்டி லிமிடெட் , வெளிநாட்டு முதலீடு விமர்சனம் பலகை , முதலீடு ப்டி , இடி தாது மணல் , மேற்கு ஆஸ்திரேலிய ,