Australia's Hazer eyes best day in 4-1/2 months on Mitsui deal

Hazer

16/11/2022 01:22

** Shares of Hazer Group Ltd  HZR.AX  jump as much as 14.7%
to A$0.740 - set to mark their best day since July 1, if gains
hold 
    ** Tech development co says it signed a non-binding MoU with
Japan's Mitsui & Co  8031.T  to jointly investigate potential of
Australian firm's graphitic carbon 
    ** Says both cos will explore potential customers and
partners in Asia, Northern America and Europe, among others  
    ** Says Hazer and Mitsui will conduct an initial marketing
survey of applications of Hazer's low emissions graphite in the
steel making and chemicals industries 
    ** Shares hit their highest since Nov 7 
    ** Stock had fallen 43.7% this year, as of last close
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))