Australia's Renascor Resources gains on being awarded govt grant

Renascor Resources

11/07/2024 04:12

** Shares of Australia's Renascor Resources  RNU.AX  rise as
much as 4.4% to A$0.094
    ** Minerals explorer says it's been awarded A$5 mln ($3.4
mln) grant under Australian Govt’s International Partnerships in
Critical Minerals Program
    ** Grant to co-fund up to 49.9% of capital cost of A$10 mln
demonstration processing plant that would produce purified
spherical graphite - RNU    
    ** 4.8 mln shares change hands as of 0306 GMT, vs 30-day
average volume of 3.4 mln shares
    ** Stock down 30.8% YTD, as of last close


($1 = 1.4791 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))