Australia's Anteotech hits 1-month high on R&D tax incentive refund

Anteotech

22/12/2021 02:33

** Shares of the nanotechnology firm  ADO.AX  jump as much
as 7.5% to A$0.215, their highest since Nov. 24
    ** Co receives cash refund of A$2 mln ($1.43 mln) under the
federal government's research & development tax incentive scheme
 urn:newsml:reuters.com:*:nASX1s2jjZ 
    ** Says refund will be used for developing products for
platforms engaged with co and the AnteoX programme targeting
increased electrode coating of lithium-ion battery electrodes 
    ** Shares on track for their biggest intraday pct gain since
Dec. 16
    ** Stock eighth-biggest percentage gainer on the ASX All
Ordinaries Index  .AORD  
    ** Stock up 90.5% this year, as of last close, vs an 11.9%
increase in the ASX All Ordinaries Index  .AORD  

($1 = 1.3996 Australian dollars)

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))