Australia's Earths Energy gains on tech deal with Baker Hughes

Earths Energy

18/03/2024 03:45

** Shares of Earths Energy  EE1.AX  rise as much as 12.5% to
A$0.018, set for their best day since Feb. 22, if current trend
holds 
    ** The geothermal explorer enters memorandum of
understanding with Baker Hughes
    ** Under MOU, co to use Baker Hughes' new technology
application on its prospective Australian geothermal exploration
portfolio
    ** Adds, EE1 to explore, develop, among others, its
geothermal projects with the help of Baker Hughes' technologies
    ** Stock hits its highest level since March 6
    ** Stock down over 60% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))