The Grange Resources Limited (ASX: GRR) share price closed 8.82% higher at 37 cents today. This leaves the company’s shares sitting just shy of the 52-week high which it hit in this morning’s trade.
Today’s share price climb comes after the company released its quarterly update for the three months ending December 31, 2020.
Quarterly highlights from Grange Resources
The company reported an increase in pellet sales for the December quarter to 754kt compared with 422kt in September. Thanks to record iron ore prices, the company’s average received payment for the quarter increased to $236.77/t. The average price for the September quarter was $182.49/t.
Grange Resources reported cash and liquid investments of $202.9…