Sign up Australia
Proactive Investors - Run By Investors For Investors

Redflow shares power up to 12-month highs

Redflow shares power up to 12-month highs

Redflow's (ASX:RFX) shares continued their recent rally yesterday, adding another 13.6% to close at $0.335.

So far for the month of February, shares have rallied around 70%.

Redflow has a very unique business strategy which is currently in a transition phase to commercialise its flow battery technology.

The company has developed the world's smallest, most advanced flow battery, which is cost effective, while being a safe energy utilisation and storage solution.

With further proliferation of its technology into commercial and residential applications, this would deliver significant commercial benefits.

Redflow's biggest shareholder is Simon Hackett with 13.4%, who brings immense technological and corporate experience.

Hackett founded Internode, is a director of NBN Co, and a former director of iiNet.

The company is well-funded with around $6.2 million at the end of 2015, which includes a recent R&D tax refund.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

View full RFX profile View Profile

Redflow Ltd Timeline

Newswire
February 23 2016
Newswire
February 16 2016

Related Articles

Australian dollars
September 28 2018
The company is now achieving positive earnings before interest, tax, depreciation and amortisation results each month.
Data servers
July 31 2018
The company is expected to list on the main board of the LSE in September
 Ore being processed at Butte, Montana
October 10 2018
The company is an organic fertiliser manufacturer and supplier.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use