ASX-listed Carbonxt hits 20-month high as co secures new orders

Carbonxt

15/11/2021 23:41

** Carbonxt Group Ltd  CG1.AX  rise as much as 15.8% to
A$0.330, its highest level since March 2020
    ** The U.S.-based activated carbon developer announces
securing new powdered activated carbon orders valued at A$5
mln($3.67 mln)  urn:newsml:reuters.com:*:nASX5fChz5
    ** Adds that revenue from these contracts will be realized
in Jan 2022 and will deliver a forecast gross margin of 40% 
    ** Stock posts its biggest intraday percentage gain since
Sept 13
    ** More than 496,000 shares change hands, compared with the
30-day average volume of about 325,000
    ** Stock up 67.7% this year, as of last close

    ($1 = 1.3613 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))