Archer (ASX:AXE) share price retreats despite positive update


The Archer Materials Ltd (ASX: AXE) share price has retreated in late-afternoon trade after soaring as high as 93.5 cents. This comes after the company announced that it has begun to progress on the pathway for sub-10 nanometre biochip fabrication.

At the time of writing, the advanced material company’s shares are fetching 90 cents apiece, flat for the day.

Development plans

Archer shares were trading on a high earlier on but have since fallen back to yesterday’s market close.

According to its release, Archer advised it has commenced development to produce biochip components that are under 10…



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