May 29, 2019 / 12:51 AM / 5 months ago

BUZZ-Aussie shares of First Cobalt rise; study shows higher output potential for Canada refinery

** Australia-listed shares of First Cobalt Corp rise as much as 9.38 pct to A$0.175

** Cobalt explorer said on Tuesday study for restart of its First Cobalt Refinery in Canada concluded annual production could reach over 5,000 tonnes per annum of cobalt, more than twice the previous estimate

** Stock posts its biggest intraday pct gain since May 22

** Stock has fallen 11.1 pct this year, as of last close

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