Australia's Avenira jumps most in more than 6 years on project development financing

Avenira

15/10/2026 01:57

** Shares of Avenira AEV.AX soar as much as 84.6% to A$0.012, posting their biggest intraday pct gain April 20, 2020
** Stock hits its highest level since early September 2024
** Fertiliser-focused project developer secures up to A$85 million ($59.11 million) in term facilities to further develop its Wonarah project in northern Australia
** Hong Kong's Hebang Biotechnology Investment will provide A$50 million term facility and A$35 million working capital revolving facility, set for a term of eight years at Australia's cash rate target
** About 63.2 mln shares change hands, 6.1x the 30-day average
** Stock up 71.8% this year, including the day's move

($1 = 1.4380 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com;))