Business
The Energy Technologies (ASX:EGY) share price has charged 9% higher. Here’s why.
The Energy Technologies Limited (ASX: EGY) share price charged higher today on news the company has won a sovereign grant.
Shares in the cable manufacturer were up 9.2% at 8.3 cents in closing trade, after hitting a 20.83% high of 14.5 cents this morning.
What Energy Technologies does
Based in New South Wales, Energy Technologies manufactures and sells specialist industrial cables. The company focuses on the Australian market through its 100% ownership in Bambach Wires and Cables Pty Limited and Cogenic.
In addition, Energy Technologies is also actively seeking potential acquisitions for the group through other products, businesses and opportunities. The $25 million market cap company was founded in 1983 and listed 10 years later…
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