Australia's Calima Energy eyes best day in nearly 9 years on $56 mln Canadian asset sale

Calima Energy

04/01/2024 23:56

** Shares of Calima Energy  CE1.AX  rise as much as 76.9% to
A$0.115, set for best day since March 25, 2015 - if current
gains hold 
    ** Stock hits highest level since March 13, 2023 
    ** Oil and gas explorer says it agreed to sell Canadian
subsidiary Blackspur Oil to Astara Energy for A$83.3 mln ($55.84
mln)
    ** About 5.4 mln shares change hands, compared with the
30-day average volume of 1.1 mln shares 
    ** Calima shares on track for best week since Aug. 14, 2020
- if current gains hold 
    ** Stock fell 42.3% in 2023, dropping for the second
consecutive year


($1 = 1.4919 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))