Quantum Graphite hits 6-1/2-year high on agreement with Swiss trader

Quantum Graphite

23/05/2022 04:51

May 23 (Reuters) -    ** Shares of Quantum Graphite Ltd
 QGL.AX  rise as much as 9.5% to A$0.52, hitting their highest
since Nov. 12, 2015 
    ** QGL signs binding offtake agreement with
Switzerland-based metal and minerals trading group MRI Trading
AG  urn:newsml:reuters.com:*:nASX3GgMlX
    ** Says deal for sale of 100% of its Uley 2 project graphite
production for five years
    ** MRI to add graphite to its existing mineral coverage and
co to get access to MRI's customer base across Europe, Japan
with agreement
    ** More than 677,000 shares change hands, compared with the
30-day average volume of about 371,000 shares 
    ** Stock has risen 196.9% or about four times this year, as
of last close

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