Australia's ChemX Materials gains most in over 7 months on MoU with US co

ChemX Materials

30/03/2023 24:52

** Shares of ChemX Materials  CMX.AX  jump as much as 30% to
A$0.130, posting their biggest intraday pct gain since Aug. 18,
2022
    ** Material technology firm says it has signed a non-binding
memorandum of understanding with U.S.-based battery technology
co C4V
    ** Says MoU to progress co's high purity manganese (HPM)
project and work towards HPM offtake deal 
    ** Shares touch their highest level since March 8
    ** Volumes are 2.1x the 30- day average of 58,609 shares
    ** Stock has fallen ~50% YTD, as of last close

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))