Australia's Finder Energy hits near 8-month high on offshore oil find

Finder Energy Holdings

07/12/2023 02:08

** Shares of Finder Energy Holdings  FDR.AX  jump as much as
39.7% to A$0.095, their highest level since April 19
    ** Stock set for best day since Oct 18, if current gains
hold
    ** The oil and gas explorer says reprocessing results show
prospects of another oil and gas deposit at offshore project in
the United Kingdom North Sea
    ** Co adds further exploration of project still ongoing
    ** More than 2 mln shares change hands, 17.2x the 30-day
average volume of 119,354 shares
    ** Stock down 23.6% this year, as of last close

    

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))