SYDNEY — Shares of Cochlear Ltd. rose more than 5% on Tuesday, extending a tentative recovery for the hearing implant maker after a dramatic collapse earlier this year.

Cochlear shares climbed 7.21 Australian dollars, or 5.44%, to A$139.76 in afternoon trading. The stock traded between A$131 and A$140.88, with about 368,000 shares changing hands. The company's market value stood at about A$9.1 billion.

It was not immediately clear whether Cochlear had released new information to the market. Even after Tuesday's gain, the shares remain down about 51% over the past year.

Sydney-based Cochlear is the world's largest maker of cochlear implants, controlling roughly half of the global market. Its products include cochlear implants, bone-anchored hearing devices and sound processors that help people with severe to profound hearing........

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