Australia's Cue Energy eyes best day in over 19 years after upbeat HY results

Cue Energy Resources

29/02/2024 03:06

** Shares of Cue Energy  CUE.AX  rise 29.9% to A$0.087, on
track for their best day since Oct 25, 2004, if current gains
hold
    ** Shares rise as much as 49.3% to A$0.10, their highest
level since Dec 30, 2020
    ** The oil and gas firm posts HY profit attributable of
A$9.1 mln ($5.92 mln), up 33.8% from previous year
    ** Co says HY revenue from operations A$29.3 mln, up 21.7%
from previous year
    ** About 11.8 mln shares change hands, 107.9 times the
30-day average volume of shares
    ** Stock has risen 9.8% this year, as of last close

   ($1 = 1.5363 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))