Australia's First Graphene gains most in 9 months on patent filing

First Graphene

09/01/2025 02:19

** Shares of First Graphene  FGR.AX  rise as much as 37.5%
to A$0.044, posting their biggest intraday percentage gain since
April 4, 2024
    ** Stock hits its highest level since Oct. 28, 2024
    ** Graphene product maker says it filed a patent for a
manufacturing process used to produce graphene-based
electrocatalysts for hydrogen generation
    ** Says modified electrochemical process uses existing
capital equipment to create new grades of metal oxide-deposited
graphene, leveraging cost-effective base metals
    ** Notes opportunities for application across global
electrocatalyst material market valued at more than $1 bln    
    ** About 763,000 shares change hands, compared with the
30-day average volume of around 570,000
    ** Stock fell nearly 62% in 2024

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