Australia's Hazer soars to 6-week high on securing government grant

Hazer

03/12/2024 24:25

** Shares of technology development company Hazer Group
 HZR.AX  rise as much as 12.8% to A$0.440, posting their best
trading day since Sept. 30
    ** Shares hit their highest level since Oct. 21
    ** Co secures an A$6.2 million ($4.01 million) grant from
the Lower Carbon Grants Program - Gorgon Fund, run by the
Western Australian Government
    ** Co will use proceeds to advance its commercial reactor
scale-up program
    ** 338,116 shares change hands vs the 30-day average volume
of 157,314
    ** Stock has fallen 42.1% YTD, as of last close

($1 = 1.5456 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))