Australia's Altech Batteries hit record low after discontinuing German project
31/07/2026 05:31
BUZZ-Australia's Altech Batteries hit record low after discontinuing German project ** Shares of Australia's Altech Batteries ATC.AX down as much as 73.3% to record low of A$0.002
** Battery technology co says it will discontinue its CERENERGY Sodium Chloride Solid State Battery project in Germany
** Adds, co was unable to find a strategic partner, thereby hindering the project's funding and operations
** Altech Batteries GmbH (ABG), owner of all assets of CERENERGY will be liquidated
** Nearly 60 million shares change hands vs 30 day average of about 4 million
** Stock down 92.3% YTD, including sessions' moves
(Reporting by Shravya Marakini in Bengaluru)
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