Volt Resources eyes best day in over 1 year as graphite mine restarts production

Volt Resources

08/05/2023 03:35

** Shares of Australia's Volt Resources Ltd  VRC.AX  rise as
much as 30% to A$0.013, set to mark best day since March 24,
2022, if current gains hold  
    ** Stock hits its highest level since March 17   
    ** The graphite producer says co's Zavalievsky graphite mine
has restarted production after the winter stoppage 
    ** Says over 700 tonnes of graphite had been produced, as of
May 5, including a daily production record of 88 tonnes
    ** Average daily production of 54 tonnes with the
June-quarter campaign ongoing  
    ** VRC stock down 33.3% this year, as of last close

    

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))