Australia's Altech Batteries hits 8-week high on $54 million German project funding
06/01/2026 02:33
** Shares of Altech Batteries ATC.AX rise as much as 32% to A$0.033, their biggest intraday pct gain since September 30, 2025 ** The specialty battery technology firm hits its highest level since November 13, 2025 ** Co secures binding conditional funding approval of 46.11 million euros ($54.05 million) for its CERENERGY battery project in Saxony, Germany ** Says grant comes under Germany’s federal “STARK” economic development program and covers ~30% of eligible project CAPEX ** About 25.5 million shares change hand, 4.7x their 30-day average and their busiest day since late November ** Altech stock down 49% in 2025 ($1 = 0.8530 euros) (Reporting by John Biju in Bengaluru) ((John.Biju@thomsonreuters.com;))
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