Australia's NoviqTech gains most in over a year after unit inks MoU

Noviqtech

21/04/2026 04:52

** Shares of Australia's NoviqTech NVQ.AX rise as much as 82.4% to A$0.031, biggest intraday pct gain since Nov 15, 2024

** Stock touches highest point since Feb. 23

** The carbon emissions tracker says unit, Coralia, enters into Memorandum of Understanding (MoU) with A Healthier Earth, unit of data centre developer, Pure Data Centres Group

** Under MoU, Coralia and AHE to assess AHE securing about 70% of total carbon credits from Coralia’s Great Barrier Reef Biochar Project in Australia

** Parties to also cover direct sale of credits, potentially form joint venture for construction of biochar production facility in site

** Stock up 28.6% YTD, including day's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))