Australia's Li-S Energy jumps on government grant

Li-S Energy

13/06/2024 05:14

** Shares of Li-S Energy  LIS.AX  rise as much as 12% to
A$0.140, their biggest intraday percentage gain since March 21
    ** Stock hits its highest level since June 3
    ** The battery maker says it was awarded an A$1.35 mln 
($897,885) grant by the Australian govt
    ** Says grant is for co to integrate its batteries and solar
cells into drones to prolong their battery life
    ** About 833,000 shares change hands, compared with the
30-day average volume of around 214,000
    ** Stock down 30.6%% YTD, based on last close

   ($1 = 1.5035 Australian dollars)

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