Australia's Calix hits 3-month high on funding for sustainable fuel project

Calix

30/01/2023 01:01

** Shares of mineral processing firm Calix Ltd  CXL.AX  rise
as much as 6.6% to A$5.82, their highest level since Oct. 26,
2022
    ** Says its project got funding of A$19.5 million ($13.87
million) and 13.2 million euros ($14.35 million), from
government agencies in Australia and Germany, respectively 
    ** Funding for Solar Methanol project, under which Calix is
among a consortium of partners developing production of
sustainable fuels from captured carbon dioxide emissions 
    ** Stock logs best intraday pct gain since Nov. 23, 2022
    ** YTD, stock up 22.2% as of last close 
($1 = 1.4057 Australian dollars)
($1 = 0.9199 euros)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))