Australia's Strategic Elements up 14% on deal with University of New South Wales

Strategic Elements

13/12/2022 02:11

** Shares of Elements Ltd  SOR.AX  jump as much as 13.6% to
A$0.125, biggest intraday pct gain since Sept 12
    ** Pooled development fund  says its 100% owned Australian
Advanced Metals signed an agreement with The University of New
South Wales  urn:newsml:reuters.com:*:nFWN3322IL
    ** Says deal for A$1.6 mln ($1.08 mln)
    ** Says deal to develop a power source that can directly
generate electricity from moisture in the air for wearable
electronics
    ** Stock has fallen 59.3% this year, as of last close 
($1 = 1.4795 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))