Australia's First Graphene jumps on securing funding and research partnership

First Graphene

21/03/2024 24:58

** Shares of First Graphene  FGR.AX  rise as much as 9.6% to
A$0.057, their highest since Jan 30
    ** Graphene developer says it secured A$183,000 ($120,963)
in funding from Innovate UK to advance graphene-enhanced
electrocatalyst development, which is essential for green
hydrogen production
    ** Says it has partnered with UK's Greater Manchester
Electrochemical Hydrogen Cluster on project to analyse graphene
metal oxides
    ** About 746,000 shares change hands, compared with the
30-day average volume of 194,242
    ** Stock down 26.8% YTD, as of last close

($1 = 1.5129 Australian dollars)

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