Australia-based Renascor jumps on graphite products supply deal

Renascor Resources

19/07/2023 03:12

** Shares of Australia-based mineral explorer Renascor
Resources  RNU.AX  rise as much as 5.1% to A$0.205 
    ** Co signs agreement with Japanese anode material
manufacturer Mitsubishi Chemical to supply graphite products
    ** Adds parties agreed under the deal to undertake further
validation test work on Renascor's graphite products, among
others
    ** More than 5 mln shares change hands, compared with the
30-day average volume of about 4.2 mln shares
    ** Stock had fallen 9.3% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))