BUZZ-Australia's <a href="https://laohu8.com/S/IG6.AU">International Graphite</a> rises to near 11-month high on JV update, debt repayment** Shares of International Graphite IG6.AX rise 11.1% to A$0.08, their highest level since September 6, 2024
** The graphite explorer to form a 50/50 joint venture with Arctic Graphite AS to develop an expandable graphite facility in Europe, preferably in Germany
** Co says major shareholder Comet Resources sells down 27.5 mln shares in firm, with A$1.125 million ($738,900) of proceeds to be used in repaying debts to IG6
** Around 4.3 million shares change hands, vs the 30-day average of 177,567 shares
** Earlier in the day, stock hit its biggest intraday gain since early July 2023
** Stock up 50% this year, including the day's move
($1 = 1.5225 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.