An update from Hazer Group Ltd. ( (AU:HZR) ) is now available.
Hazer Group Ltd reported a strong start to FY25 with a 46% increase in revenue and a robust cash position. Key operational achievements include the early completion of the Commercial Demonstration Plant performance test and progress in the FortisBC Canada project, leading to the company’s first revenue from engineering services. The company also extended its strategic partnership with Mitsui for graphite marketing and secured patents in Europe and Japan, enhancing its intellectual property portfolio. These developments position Hazer well to capitalize on the growing demand for clean hydrogen and graphite, supported by a solid financial foundation and strategic partnerships.
More about Hazer Group Ltd.
Hazer Group Ltd is an Australian technology company focused on decarbonization efforts through the commercialization of its innovative climate technology. The company specializes in producing clean hydrogen and high-quality graphite using natural gas or biogas as feedstock and iron-ore as the process catalyst.
YTD Price Performance: -6.58%
Average Trading Volume: 123,167
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$81.74M
For a thorough assessment of HZR stock, go to TipRanks’ Stock Analysis page.