Carbonxt Group hits over 7-wk high on waste management business contract extension

Carbonxt

22/07/2024 02:15

** ASX-listed shares of Carbonxt Group  CG1.AX  rise as much
as 9% to A$0.085, their highest level since May 28
    ** Stock posts its biggest intraday gain since June 26
    ** U.S. based cleantech co says secured A$24 mln ($16.05
mln) contract extension to supply premium Powder Activated
Carbon products from the co's Black Birch facility to U.S. based
Reworld
    ** Says extension to generate group revenues of A$6 million
per annum for 4-years
    ** Stock up 20% YTD as of last close


($1 = 1.4957 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))