Australia's Calix gains on restarting project with Pilbara Minerals

Calix

13/02/2025 02:16

** Shares of Calix  CXL.AX  rise 9.1% to A$0.54, their
highest level since Feb. 6
    ** Environmental technology co says it has restarted its
mid-stream demonstration plant project developed in a joint
venture with Pilbara Minerals  PLS.AX  
    ** Recommencement follows execution of an A$15 million 
($9.42 million) grant from the Government of Western Australia -
co
    ** Stock rose as much as 12.1% earlier in the day, marking
its biggest intraday gain since Sept. 10, 2024
    ** CXL down 28% YTD

($1 = 1.5918 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com))