Sims Metals (SMS +5.5%) shoots up after the firm announces an "onmarket" share repurchasement...

|About: Sims Metal Management Ltd... (SMSMY)|By:, SA News Editor

Sims Metals (SMS +5.5%) shoots up after the firm announces an "onmarket" share repurchasement program that allows the company to buy back up to 10% of issued capital over a 12-month period on the Australian exchange commencing Oct 24.