Australia's Carbonxt jumps on upbeat quarterly results

Carbonxt

24/04/2024 03:38

** Shares of Carbonxt Group  CG1.AX  rise as much as 21.8%
to A$0.067, their biggest intraday gain since Jan. 25
    ** Activated carbon products developer says its March
quarter customer receipts were A$3.6 mln ($2.35 mln), up 8% from
previous quarter
    ** Adds sales of activated carbon pellets were up 37% on the
prior quarter
    ** About 172,000 shares change hands, compared with the
30-day average volume of around 151,000
    ** Stock down 15.3% YTD as of last close

($1 = 1.5333 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))