EcoGraf’s shares surged by 47.6% to A$0.155, the largest gain since February 2021, supported by the granting of a life-of-mine special mining license for its Epanko Graphite project in Tanzania. The stock is at its highest since May 2024 and has grown 59.1% this year with an exceptional trading volume.
EcoGraf, an Australian mining company, has reported a remarkable surge in its stock price, climbing by as much as 47.6% to A$0.155. This uptick marks the largest intraday increase for the company since February 5, 2021. The stock is also trading at its highest level since May 31, 2024. As reported, the Epanko Graphite project has secured a life-of-mine special mining license from the Tanzanian government, significantly enhancing its operational capacity. Additionally, the trading volume saw near 4.2 million shares exchanged, notably above the 30-day average of 669,362 shares. This year, EcoGraf’s stock has experienced a remarkable increase of 59.1%.
In summary, EcoGraf’s stock performance indicates a robust upward trajectory, bolstered by the recent awarding of a special mining license for its Epanko Graphite project in Tanzania. With significant trading volumes and a substantial year-to-date rise in share value, the outlook for EcoGraf appears positive. Such developments may enhance investor confidence and further solidify the company’s position in the mining sector.
Original Source: www.tradingview.com
