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…
-
Business23 hours agoI’d buy 6,207 shares of this ASX 200 giant to aim for $300 a month of passive income
-
Business23 hours agoHere is the average Australian superannuation balance at age 67
-
Business24 hours agohow do Woolworths and Coles shares compare?
-
Noosa News18 hours agoGWS Giants vs Hawthorn Hawks live: AFL elimination finals scores and stats, Fremantle take on Gold Coast, league admits Cam Rayner error