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Redflow's shares continue to rally

Redflow's shares continue to rally

Redflow's (ASX: RFX) shares have been on the ascendency recently, with the company gaining another 16.7% yesterday to $0.14, on volume of 860,000.

Redflow's value is now more than three times higher the twelve-month’s lows touched in mid-2013.

The company's strategic focus is on cost effective energy storage solutions, which includes batteries, and in particular zinc bromine flow batteries.

The three primary applications for energy storage – electric and hybrid vehicles, distributed energy and utility grid storage – are largely interrelated and are forecast to have a significant economic impact within the next 10 years.

Additional potential users include developing economies, an unstable electricity supply is a major constraint to doing business.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Redflow Ltd Timeline

Newswire
February 23 2016
Newswire
February 16 2016

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