Evolution Energy Minerals hits 1-month high on upbeat drilling results

Evolution Energy Minerals

06/07/2022 01:58

** Shares of Australian mineral explorer Evolution Energy
Minerals  EV1.AX  jump as much as 14.7% to A$0.430, their
highest since May 31
    ** Says initial results from its commercial verification
process show about 64% of produce from its Chilalo graphite
project in Tanzania is suitable for advanced battery
applications  urn:newsml:reuters.com:*:nASX57jPr5
    ** Shares on track for their biggest intraday pct gain since
June 16 
    ** More than 121,090 shares change hands as compared to the
30-day average volume of ~67,499 shares  
    ** Stock down 14.8% this year, as of last close, vs a 10.8%
decrease in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))