Australia's Nanollose eyes best day in 10 weeks on textile collaboration deal
17/05/2022 04:30
** Shares of the bio-materials firm NC6.AX jump as much as
12.2% to A$0.092, post their biggest intraday pct gain since
March 9
** Co signs deal with apparel manufacturing group Paradise
Textiles for the development and manufacturing of yarns and
textiles incorporating Nullarbor fibres urn:newsml:reuters.com:*:nASX7rkpC2
** Says Paradise will convert an initial 135 kg sample of
Nullarbor fibre to yarns and textiles for further supply to NC6
and other parties
** More than 255,170 shares change hands, compared with the
30-day average volume of ~286,000 shares
** Stock down 18% this year, as of last close, vs a 4.6%
decline in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))