Australia's Li-S Energy hits record jump on improved battery tech

Li-S Energy

28/10/2024 05:05

** Shares of Li-S Energy  LIS.AX  rise as much as 75% to
A$0.210, hitting their biggest intraday pct gain ever
    ** Battery developer says its has achieved 10 ampere-hour
semi-solid-state lithium sulfur battery with energy density of
498 watt-hours per kg vs 400 watt-hours per kg in the last phase
    ** Says it is targeting drones, defence & electric aviation
markets for its cells
    ** Stock hits its highest level since mid-December 2023
    ** Over 3.4 mln shares change hands, 17.7x the 30-day avg
and highest since late-June 2023
    

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))