Australia's Alpha HPA eyes third day of gains on signing MOU

Alpha HPA

01/09/2022 01:48

** Shares of Australia-based Alpha HPA  A4N.AX  rise as much
as 10.8% to A$0.515, their highest since Aug. 8
    ** The metals and tech company signs a memorandum of
understanding (MOU) with Brenntag Holding GMBH  urn:newsml:reuters.com:*:nASXbBPFFs
    ** Says MOU is for the potential sale and/or distribution of
co's products within Europe, Middle East and Africa
    ** MOU will also consider potential commercial collaboration
in test and/or commercial production facilities 
    ** Co also receives sales order from U.S.-based lithium-ion
battery manufacturer for initial one metric tonne of HPA
    ** Co on track for a third straight session of gain
    ** Stock posts its biggest intraday pct gain since Aug. 8
    ** More than 585,000 shares change hands, vs the 30-day
average volume of 952,595 shares
    ** Stock has fallen 22.5% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))