The share price of industrial metals and plastics manufacturer Insimbi surged on Tuesday after it said headline earnings per share (Heps) for the year to end-February will be more than double those of the previous year.

The company — which sources, processes, beneficiates and recycles metals — saw its shares rise as much as 10.4% to R1.16 in intraday trade, before settling just 1.9% higher at R1.07. The price remains 8.55% weaker since a month ago, but is still up 7% so far this year...

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