Australis Oil & Gas hits over 1-month low on weak quarterly results

Australis Oil & Gas

31/01/2024 02:14

** Shares of Australis Oil & Gas  ATS.AX  fall as much as
7.1% to A$0.013, their lowest level since Dec 12, 2023
    ** Stock posts its biggest intraday pct fall since Jan 19 
    ** Stock marks its second consecutive day of losses
    ** Australia's oil and gas co posts quarterly sales volume
of 59,400 barrels (WI - working interest) down 14% vs Q3 levels
    ** Adds lower sales volumes led to lower revenue of $4.7
mln, down 11% vs Q3
    ** About 1.3 mln shares change hands, vs 30-day average
volume of 337,051 shares
    ** ATS stock down ~18.8% in Jan 2024

    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))