Murchison shares bounce back after Fidelity Investments boost stake

MURCHISON United's shares have risen 5% after yesterday's fall when Fidelity Investments, the largest US mutual fund, boosted its stake in the miner.

Fidelity increased its holding in Murchison this afternoon to 9.2% from 8.05%.

The stock fell 10c yesterday when Murchison said two workers died in an accident at its Renison Bell tin mine in Tasmania.