EcoGraf’s shares soared by 47.6% to A$0.155, the largest intraday gain since February 2021, following the receipt of a special mining license for the Epanko Graphite project in Tanzania. The stock has reached a fourteen-month high and has risen 59.1% this year, with over 4.2 million shares traded compared to the average of 669,362 shares.
EcoGraf, an Australian mining company, has witnessed significant growth in its share prices, with a rise of up to 47.6%, reaching A$0.155. This marks the most substantial intraday increase since February 5, 2021, and the stock has reached its highest point since May 31, 2024. The remarkable performance is attributed to the receipt of a special mining license for the Epanko Graphite project from the Tanzanian government.
The trading volume for EcoGraf’s shares has demonstrated a considerable uptick, with approximately 4.2 million shares exchanging hands, surpassing the 30-day average volume of 669,362 shares. Year-to-date, the stock has appreciated by 59.1%, reflecting strong investor interest and confidence following the license announcement. The successful acquisition of this license is expected to enhance the viability and development of the Epanko project.
In conclusion, EcoGraf’s share prices have surged significantly due to the approval of a special mining license for its Epanko Graphite project in Tanzania. The stock has not only achieved its largest intraday gain in over four years but has also shown continuous strength throughout the year, enhancing investor confidence in the company’s prospects.
Original Source: www.tradingview.com
