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The latest update is out from Renascor Resources Limited ( (AU:RNU) ).
Renascor Resources reports that construction of its Australian Government co-funded purified spherical graphite demonstration facility in Adelaide is nearing completion, with all major purification equipment installed and structural, mechanical and piping works expected to finish next month. The project has entered a system completion and verification phase, including extensive hydrotesting, factory acceptance testing of the control system, and pre-commissioning activities, with overall construction targeted for completion later this quarter; once operational, the plant will showcase Renascor’s HF-free purification process at scale, strengthening its positioning as a globally competitive alternative to China’s PSG supply chain and supporting the development of sustainable battery anode material supply for stakeholders.
The most recent analyst rating on (AU:RNU) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Renascor Resources Limited stock, see the AU:RNU Stock Forecast page.
More about Renascor Resources Limited
Renascor Resources Limited is an Australian resources company focused on developing purified spherical graphite (PSG) for use in battery anode materials. The company is advancing an Australian Government co-funded PSG demonstration facility in Adelaide, South Australia, aimed at providing a competitive, sustainable ex-China supply chain for graphite-based battery materials.
Average Trading Volume: 3,031,566
Technical Sentiment Signal: Buy
Current Market Cap: A$226.4M
For an in-depth examination of RNU stock, go to TipRanks’ Overview page.