First Graphene Limited (ASX:FGR) Responds to ASX Price Query
Price Movement and Compliance
First Graphene Limited (ASX:FGR) has officially responded to a query from ASX Compliance regarding its recent price movements. Following a rise in its securities price from $0.035 to $0.067, the company confirmed it is unaware of any undisclosed information that might account for this price shift.
Commercial Pipeline Visibility
FGR noted that it is experiencing strong buying activity, particularly in the Frankfurt market, which appears to correlate with the company’s recently reported visibility of its commercial pipeline. This includes onboarding global distributors and an upcoming industrial-scale trial with Breedon Group for graphene-enhanced cement manufacturing in the UK.
Robust Manufacturing and Distribution
FGR has established itself as the world’s leading graphene company and has the largest graphene production facility in Henderson, W.A. The company is actively building relationships with customers and research institutes, expanding its applications for graphene across various industries, including PPE and energy storage.
Investor Sentiment
The Directors of First Graphene believe the equity markets are beginning to recognise the company’s value. Independent research reports have also recommended FGR as an undervalued stock, suggesting potential for growth.
Continuous Disclosure
In compliance with ASX listing rules, FGR confirmed its adherence to obligations under Listing Rule 3.1 and asserted that its responses were duly authorised by a board officer. FGR remains committed to transparency and timely communication with investors.
Motley Fool contributor Abbie Stokes 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 Scott Phillips.
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