Australia's RLF AgTech gains on seed priming technology launch

RLF AgTech

16/09/2022 02:40

** Shares of RLF AgTech Ltd  RLF.AX  jump as much as 13.3%
to A$0.170, their highest intraday pct gain since Aug 2
    ** The tech-based plant nutrition co announces the release
of Veridium Seed Priming Technology (https://bit.ly/3S6A2Jx)
    ** Says Veridium increases farm yield by providing
plant-available nutrition directly to the seed, improving soil
moisture and fertiliser uptake
    ** Says global release now underway, supported by a patent
application and trademark filing 
    ** Shares touch their highest since Aug 26
    ** About 74,000 shares change hands, compared with the
30-day average of about 104,000 shares
    ** RLF stock down 31.8% since debut on April 21, as of last
close 
        

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))