Australia's Condor Energy surges on gas discovery in Peru

Condor Energy

16/01/2025 03:30

** Shares of Condor Energy  CND.AX  rise 57.9% to A$0.030,
their biggest pct gain since May 3, 2023
    ** Stock hits its highest level since Nov. 1, 2024
    ** Energy co announces increase in contingent resources for
its Piedra Redonda gas field in Peru
    ** Says independent assessment of the field shows 147%
increase in its contingent resources estimate to 1 trillion
cubic feet of gas from previous estimate
        ** Piedra Redonda now ranks as one of the largest
undeveloped offshore gas discoveries on west coast of South
America - co
    ** 45.4 mln shares change hands,119.0 times vs the 30-day
average of 381,581
    ** Stock rose as much as 84.2% earlier in the day, marking
its biggest intraday gain since June 7, 2023
    ** CND also saw its highest level since Sept. 27, 2024
earlier in the day
    ** Stock rose 5.6% in 2024

    

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))