Australia's Avenira jumps most in 11 months on MoU with Taiwan firm

Avenira

21/09/2022 02:36

** Shares of Avenira  AEV.AX  climb as much as 35% to
A$0.014, seeing their best day since Oct 29, 2021 - if gains
hold 
    ** The miner says it has entered into an MoU with Taiwan's
Advanced Lithium Electrochemistry  5227.TWO  and the Northern
Territory govt  urn:newsml:reuters.com:*:nFWN30R26L
    ** Says all parties will work towards the development of a
Lithium Iron Phosphate battery cathode manufacturing plant in
Darwin, Australia
    ** Stock hits highest since Aug 26 
    ** About 38.6 mln shares change hands, 14.5 times compared
with the 30-day average volume of nearly 2.7 mln shares 
    ** Stock has fallen 39.3% this year as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))