Australia's Equus Energy logs biggest intraday jump on Alcoa gas supply deal
14/08/2026 02:12
BUZZ-Australia's Equus Energy logs biggest intraday jump on Alcoa gas supply deal ** Shares of Australia's Equus Energy EQU.AX rise as much as 41.9% to A$0.440, their biggest intraday pct gain
** The energy company signs a binding long-term gas sales agreement with Alcoa AA.N
** Under the agreement, Equus will supply around 50 terajoules of gas per day to Alcoa for a 10-year supply period following start up of the Equus Gas Project in Western Australia
** The deal is part of a broader gas sales and funding agreement between Equus and Alcoa, providing Equus with access to up to $30 million of project funding
** Stock up over 9%, YTD
(Reporting by Shruti Agarwal in Bengaluru)
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