Australia's Fertoz at over 6-1/2-year high on new partnerships for carbon unit

Canadian Phosphate

12/07/2021 02:43

** Shares of phosphate maker Fertoz Ltd  FTZ.AX  gain as
much as 16.1% to A$0.325, their highest since Jan 5, 2015
    ** Co says its carbon division, Fertoz Carbon, executed
agreement with U.S.-listed Trimble Inc  TRMB.O  to allow carbon
credits generated in the Fertoz's agriculture and reforestation
projects to be traded
    ** Fertoz also entered an agreement with DataPLP, a
mathematical algorithm development company to develop suitable
algorithms for drone flightpaths and use these drones across
reforestation and cropping land of FTZ
    ** Stock posts its biggest intraday percentage gain since
July 5
    ** FTZ on track to post a fifth consecutive session of gains
    ** Stock up near five-fold this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))