Australia's Hazer Group jumps on a deal with South Korea's POSCO Steel

Hazer

31/05/2024 03:21

** Shares of Australia's Hazer Group  HZR.AX  rise as much
as 6.5% to A$0.490, their biggest intraday jump since May 6
    ** HZR, which makes technology to produce clean hydrogen and
graphite, signs a non-binding MoU with POSCO Steel, a unit of
South Korean steel manufacturing giant POSCO  005490.KS  
    ** MoU to collaborate to integrate HZR's technology into
POSCO's low-carbon steel production
    ** More than 300,000 shares change hands, vs the 30-day
average of 275,320 shares
    ** HZR set to end May over 3% higher - snapping a four-month
losing streak - if trend holds
    ** Down ~33% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))