Australia's Triton rises on deal for electricity provision at Mozambique project
05/04/2022 05:37
** Shares of graphite development company Triton Minerals
TON.AX rise as much as 16.7% to A$0.035, highest since Feb. 3
** Says executed MoU with Himoinsa Southern Africa to
develop sustainable power solution for the Ancuabe project in
Mozambique
** The stage 1 initial small scale start up will provide
power to processing plants with about 100,000-125,000 tonnes per
annum of ore processing capacity range
** Stock posts its biggest intraday pct gain since Nov. 9
** About 4 mln shares change hands, vs the 30-day average
volume of 1.1 mln shares
** Stock has fallen 16.7% this year, as of last close
(Reporting by Anan Ashraf)
((Anan.Ashraf@thomsonreuters.com))