Australia's Energy World Corp rises on selling stake in Indonesian project

Energy World

11/10/2024 05:28

** Shares of Energy World Corporation  EWC.AX  rise 33.3% to
A$0.012, eyes best session since late April 2021, if current
trends hold
    ** Power producer will receive $35 mln from share purchase
agreement to sell a 51% participating interest in Indonesian
project
    ** Co reaches agreement with PT EMP Energi Jaya to sell
Sengkang oil and gas production area in Indonesia
    ** Stock hits highest level since Oct. 2
    ** About 2.4 mln shares change hands vs 30-day avg volume of
~1.7 mln shares
    ** Stock adds 33.3% in volume so far this week, on track for
its best week since late August
    ** Stock down ~55.6% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))