Australia's Li-S Energy posts record climb on developing new battery tech

Li-S Energy

04/04/2023 05:48

** Shares of Li-S Energy  LIS.AX  leap as much as 62.8% to
A$0.415, their best intraday percentage gain
    ** Co says it developed a new 20-layer battery cell using
its lithium sulfur technology, which would be able to store more
energy in less physical space
    ** Expects the batteries to have applications in drones and
eAviation sectors 
    ** Stock hits highest level since Dec 5, 2022
    ** Trading volumes almost 35x the 30-day average
    ** Stock down 20.3% YTD, as of last close 

    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))