Australia's Ecograf rises most in over 6 months on supply deal with S.Korea's POSCO

Posco International

25/11/2021 24:53

** Shares of Ecograf Ltd  EGR.AX  rise as much as 22.7% to
A$0.785, their biggest intraday pct gain since May 14 
    ** The graphite producer enters a non-binding MoU with South
Korea-based POSCO International  urn:newsml:reuters.com:*:nASX9Z2cMl
    ** Co to support POSCO's anode production expansion plans
via supply of its battery anode material products from its new
Australian facility and its planned facility in Europe
    ** Stock at its highest level since Sept 17
    ** About 3.6 mln shares change hands, triple the 30-day avg
volume of 1.2 mln
    ** Stock up nearly four times in value this year, as of last
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 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))