Australia's Li-S Energy rises most in 2 weeks on deal with Boeing unit

Li-S Energy

02/12/2021 01:10

** Shares of battery maker Li-S Energy  LIS.AX  climb as
much as 9.8% to A$1.96 after co enters deal with Insitu Pacific,
a unit of Boeing Co  BA.N  
    ** Co said it signed a Memorandum of Agreement (MoA) with
Insitu Pacific to integrate and test Li-S Energy's battery
technology in Insitu's Uncrewed Aircraft Systems  urn:newsml:reuters.com:*:nASX78xQy0 
    ** LIS posts biggest intraday percentage rise since Nov 22 
    ** As of last close, stock down 23.4% since its ASX debut on
Sept 28 
    


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