Australia's Nanollose rises most in 8 weeks on collaboration with von Holzhausen

Nanollose

05/05/2022 05:13

** Shares of bio-materials company Nanollose  NC6.AX  rise
as much as 11.7% to A$0.105, their highest since April 20
    ** Says it entered a collaboration agreement with vegan
leather and materials co von Holzhausen Inc  urn:newsml:reuters.com:*:nASX3sKm1S
    ** Co to provide von Holzhausen with samples of treated and
processed microbial cellulose for testing as potential
alternatives to leather
    ** Both parties to work on a supply or other commercial
agreement if collaboration succesful in developing commercially
viable project materials- Co
    ** Stock posts its biggest intraday pct gain since March 9,
2022
    ** More than 1.4 mln shares change hands, compared with the
30-day average volume of about 207,000 shares 
    ** Stock has fallen 6% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))