ASX-listed Carbonxt rises on getting carbon pellets contract

Carbonxt

08/03/2022 24:14

** Shares of U.S.-focused cleantech co Carbonxt Group Ltd
 CG1.AX  rise as much as 16% to A$0.290, mark their best
intraday gain since Dec. 8, 2021
    ** Co secures a contract valued at A$2 mln ($1.47 mln) to
supply its Activated Carbon pellets to chemical products
supplier Univar Solutions USA, Inc  urn:newsml:reuters.com:*:nASX833WtT
    ** Says contract is initially for a one-year term, with
longer term arrangements still under discussion
    ** Shares hit their highest since Feb. 14
    ** Trading volumes are 2.2 times the 30-day average of
134,929 shares
    ** As of last close, stock down 22.5% this year

($1 = 1.3648 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))