Australia's Nanollose rises on MoU with Spanish clothing co

Nanollose

26/05/2022 04:33

** Shares of biotech co Nanollose Ltd  NC6.AX  rise as much
as 10% to A$0.099, their highest since May 6
    ** Co signs MoU with Spanish clothing co Industria de Diseño
Textil, S.A. (INDITEX) for the non-exclusive delivery of samples
of co's trademark "tree-free" cellulose  urn:newsml:reuters.com:*:nASX6P6vCH
    ** Shares mark their biggest intraday gain since May 17
    ** Volumes are 2.4 times the 30-day average of 316,676
shares
    ** As of last close, stock down 10% this year 

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))