Insights

EcoGraf (ASX:EGR) share price lifts 5% on battery anode update

It’s a good day to be an EcoGraf shareholder.
The post EcoGraf (ASX:EGR) share price lifts 5% on battery anode update appeared first on The Motley Fool Australia. –

The EcoGraf Ltd (ASX: EGR) share price is taking off on news the company’s battery anode material has outperformed international hydrofluoric acid-free benchmarks.

According to EcoGraf, a major anode producer put the company’s HFfree battery anode material through performance testing, with the product returning encouraging results.

Unsurprisingly, the market is responding well to EcoGraf’s news. At the time of writing, the EcoGraf share price is 67.5 cents, 4.65% higher than its previous close.

Let’s take a closer look at today’s announcement from the electric vehicle and lithium-ion-focused vertically intergrated battery anode material producer.

EcoGraf’s product outperforms competition

The EcoGraf share price is gaining on news that the material the company will produce at its new Western Australian Battery Anode Material Facility has outperformed international benchmarks.

An unnamed anode producer found EcoGraf’s HFfree battery anode material outperformed reference materials in half-cell electrochemical testing. The battery anode material also satisfied the producer’s physical and chemical specifications.

According to EcoGraf, the test results represent a “critical milestone”.

The company is currently finalising its construction plans for its Western Australian Battery Anode Material Facility. The facility will be the first of its kind, and today’s news further supports EcoGraf’s environmentally-friendly processing technology.

EcoGraf’s HFfree battery anode material is made without hydrofluoric acid. According to the company, hydrofluoric acid is highly toxic and widely used to create battery spherical graphite with 99.95% carbon grade.

Spherical graphite makes up battery anode material.

Previously, EcoGraf has found it can produce spherical graphite with 99.97% carbon grade without using hydrofluoric acid.

The West Australian facility will export the hydrofluoric acid-free battery anode material to battery markets in Asia, Europe, and North America.

EcoGraf share price snapshot

This year has been particularly good to the EcoGraf share price.

It is currently 302% higher than it was at the start of 2021. It has also gained 280% since this time last year.

The post EcoGraf (ASX:EGR) share price lifts 5% on battery anode update appeared first on The Motley Fool Australia.

Should you invest $1,000 in EcoGraf right now?

Before you consider EcoGraf, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and EcoGraf wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

The most important investment you can make?

Infomedia (ASX:IFM) share price sinks 14% on shock resignation

Can the Brickworks (ASX:BKW) share price hit $30 by Christmas?

Top broker says Rio Tinto (ASX:RIO) share price is a buy and could rise 21%

Why the MoneyMe (ASX:MME) share price is rocketing 10% this Monday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!