Australia's Alpha HPA soars on government grant for Queensland alumina project

Alpha HPA

16/03/2022 24:23

** Alumina supplier Alpha HPA Ltd  A4N.AX  rises as much as
23.2% to A$0.61, posting biggest intraday pct jump since April
2020
    ** Co says https://alphahpa.com.au/wp-content/uploads/pjn11165-1.pdf
 got A$45 mln ($32.36 mln) government grant, which will be used
to develop its HPA (high-purity alumina) First project in
Queensland
    ** A4N stock hits highest since Feb. 15; about 2.6 mln
shares change hands, vs the 30-day average of 1.6 mln shares
    ** A4N top percentage gainer in the ASX All Ordinaries index
 .AORD 
    ** A4N down 17.5% this year, as of last close, vs a 5.4%
decline in the ASX All Ordinaries index

($1 = 1.3904 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))