Australia's Redflow jumps on contract for deployment of batteries

RedFlow

27/07/2022 05:52

** Shares of battery maker Redflow Ltd  RFX.AX  rise as much
as 17.8% to A$0.05, highest since June 10
    ** Company says it has been contracted to supply Gen3 zinc
bromine flow batteries for reconstruction of Southern Ocean
Lodge on Kangaroo Island, South Australia  urn:newsml:reuters.com:*:nASX7ZVdTL
    ** Company to supply 56 Gen3 batteries together with
management systems and monitoring capability
    ** Stock posts biggest intraday pct gain since July 7
    ** About 5.3 mln shares change hands vs 30-day average
volume of 1.5 mln shares
    ** Stock down 8.2% this year, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com))