Australia's Carnarvon Energy rises most in a week on MoU with Horizon Power

Carnarvon Energy

12/07/2022 02:31

** Shares of Carnarvon Energy  CVN.AX  rise as much as 4.1%,
their biggest intraday pct gain since July 5 
    ** The oil and gas explorer has signed a MoU with Western
Australia power provider Horizon Power  urn:newsml:reuters.com:*:nFWN2YS47A
    ** Says MoU is to collaborate on development of renewable
diesel in regional Western Australia 
    ** Stock has fallen 45.6% this year, as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))