Alurion Resources rises 13.6% on Brazil project logistics study
Shares of Alurion Resources rose as much as 13.6% to A$0.50, their biggest intraday gain since their July 31 trading debut, after the bauxite developer said a study showed a road route can support transport of up to 11.5 wet metric tons a year of bauxite from its Amargosa project to an export port.
50, their biggest intraday percentage gain since the stock began trading on July 31. The stock also reached its highest level since September 22. 75 wet Mtpa base plan. The Amargosa project is in Brazil.
ALU shares are down nearly 50% from the July 31 close.