Australia's Sarytogan Graphite up on first production of batteries

Sarytogan Graphite

08/02/2024 02:54

** Shares of Australia's Sarytogan Graphite  SGA.AX  up
21.2% at A$0.200, eyeing best day since mid-Dec 2023
    ** Co says first lithium-ion batteries have been
manufactured from Sarytogan uncoated spherical purified graphite
    ** Adds, batteries show superior capacity compared to many
synthetic graphite anodes currently used in electric vehicles
    ** 605,399 shares change hands by 0226, 5.6 times the 30-day
average volume
        ** With session's gains, SGA now flat YTD compared to
17.5% decline at last close
  

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))