Australia's Titomic climbs on joint venture deal with Nèos International

Titomic

08/06/2022 03:43

** Shares of industrial additives developer Titomic  TTT.AX 
jump as much as 19.4% to A$0.215 - set for their best session
since May 30, if gains hold 
    ** Co signs a joint venture agreement with Nèos
International for a manufacturing facility in
England urn:newsml:reuters.com:*:nFWN2XU0NL
    ** Co says to establish facility, it will sell the joint
venture Titomic Kinetic Fusion System at an estimated sale price
of A$2.4 mln ($1.73 mln)
    ** As of last close, stock has fallen 7.7% this year    



($1 = 1.3843 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))