EcoGraf (EGR) shares surged by 47.6% to A$0.155, the highest since May 31, 2024. The company received a life-of-mine special mining license for its Epanko Graphite project in Tanzania. Approximately 4.2 million shares exchanged hands, significantly exceeding the average volume of 669,362 shares over 30 days. Thus far in 2024, the stock has increased by 59.1%.
EcoGraf EGR, an Australian mining company, experienced a remarkable surge in its share price, climbing as much as 47.6% to A$0.155, marking the largest intraday increase since February 5, 2021. This uptick positions the stock at its peak level since May 31, 2024, highlighting substantial interest in the company’s performance.
In summary, EcoGraf’s significant stock increase and the acquisition of a special mining license for the Epanko Graphite project underscore the company’s positive trajectory this year. This development not only reflects investor confidence but also enhances its operational prospects in Tanzania, as evidenced by the sharp rise in trading volume and year-to-date stock performance.
Original Source: www.tradingview.com
