Emerging lithium-ion battery recycler Redivium (ASX:RIL) has begun trading on the Frankfurt Stock Exchange (FSE) under the ticker code HR90.
The Frankfurt Stock Exchange is considered the largest stock exchange in continental Europe.
Redivium, which has a market capitalisation of $6.75 million, says the dual listing supports its strategy to broaden its investor base outside Australia as it develops its lithium-ion battery recycling capability, technology diversification, and the reach and depth of its feedstock supply chains.
Following the announcement this morning, Redivium’s shares spiked 50% to $0.003 as of 11.45am AEST.
CEO Michael O’Leary-Collins says listing on the exchange allows retail and institutional European investors to invest in the company’s shares in their local market as Redivium continues to expand its business throughout Europe.
“Sustainably, sourced battery raw materials are…
