Australia's Evion Group rises most in 7 months on EU recognition for graphite project

Evion NL

05/06/2025 06:26

June 5 (Reuters) - ** Shares of Evion Group EVG.AX rise as much as 25% to A$0.020, their biggest intraday percentage gain since November 6, 2024

** Stock hits its highest level since March 25

** The graphite developer says its Maniry project in Madagascar has been recognised as a future supplier under the European Union's Critical Raw Materials Act

** Around 2.6 mln shares change hands vs its 30-day average of about 291,000

** Stock down 29.6%, YTD

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))