Business
The Ecograf (ASX:EGR) share price plummeted 17% today
The Ecograf Ltd (ASX: EGR) share price finished today’s session 17.28% lower at 67 cents a share.
With no price-sensitive news out today to explain the sharp nosedive, let’s look at last week’s investor presentation to see what the graphite producer has been up to.
Outlook for Ecograf
Ecograf is focused on building a vertically integrated business to produce high purity graphite for the lithium-ion battery market.
Looking at its latest investor update, the company revealed its plans to finalise arrangements and complete engineering programs with GR Engineering for the construction of a processing facility in Western Australia.
Ecograf also intends to advance works for a second plant site in Europe and to continue to build…
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