First Graphene Ltd (FGPHF)

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First Graphene (ASX:FGR) reflects on December quarter (20. January 2021)

Overview:
*First Graphene (FGR) has rounded out the December quarter with a review of its leadership changes, financial position and latest activities

*The company spent the Christmas season commercialising its graphene powder range — an additive which can enhance a product's fire retardancy, strength, flexibility and endurance

*It also looked into ways to improve energy storage devices like solar panels

*The December quarter also bought leadership changes — founding director Craig McGuckin tendered his resignation, while Michael Bell was appointed as First Graphene's CEO

*In terms of financials, FGR burnt through over $1.1 million during FY21's second quarter and ended 2020 with roughly $4 million in the bank

*Based on current spending levels, it's enough cash to sustain operations for three full quarters

*Following the quarterly report, First Graphene shares jumped 1.72 per cent to trade at 29.5 cents


Read all at: https://themarketherald.com.au/first-graphene-asxfgr-reflects-on-december-quarter-2021-01-20/