BUZZ-Australia's Calix gains on US funding for decarbonisation projects

Reuters

2025/01/10

** Shares of Calix CXL.AX rise as much as 2.68% to A$0.765, posting their biggest intraday percentage gain since Dec. 31

** Environmental tech co says two of its carbon dioxide mitigation business projects have been granted funds of nearly $3 mln by the U.S. Department of Energy

** Says the two projects are based in Virginia and Missouri

** More than 95,900 shares change hands, compared with the 30-day average volume of 311,785 shares

** Stock fell by 78.1% in 2024

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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