Australia's Volt Resources jumps on lithium-ion battery testing discussions

Volt Resources

13/04/2022 06:18

** Shares of battery anode material developer Volt Resources
 VRC.AX  rise as much as 21.1% to A$0.023, their highest level
since Feb 11
    ** Co says https://www.investi.com.au/api/announcements/vrc/8cbc3ab8-79b.pdf
 testwork and offtake discussions underway with a well-known
lithium-ion battery (LIB) cell developer in the United States
engaged with both electric vehicles, stationary storage
manufacturers
    ** VRC considering a second battery anode material
manufacturing facility to meet multiple potential customer
requirements
    ** Stock posts its biggest intraday pct gain since March 24
    ** About 20.3 mln shares change hands, vs the 30-day average
volume of 15.1 mln
    ** Stock down 32.14% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))