Australia's Volt Resources climbs as production resumes at Ukraine mine

Volt Resources

02/08/2022 01:58

** Shares of Volt Resources  VRC.AX  rise as much as 11.8%
to A$0.019 and hit their highest level since July 11 
    ** The graphite miner says production has resumed at its
Zavalievsky Graphite mine and processing facilities in Ukraine
 urn:newsml:reuters.com:*:nASXCDhjj
    ** Says it expects to produce 8,000 to 9,000 tonnes of
graphite product from the project for FY23
    ** Says export of graphite products to central and eastern
Europe will start later in August, with sales revenue planned to
be received soon thereafter 
    ** About 10 mln shares change hands, compared with a 30-day
average of 6.7 mln shares 
    ** Stock on track to post best day since July 24, if gains
hold 
    ** Volt stock down ~39.3% this year, as of last close  

    

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))