Australia's Frontier Energy jumps on resuming trading after 7 months

Frontier Energy

03/03/2022 01:35

** Shares of renewable energy co Frontier Energy  FHE.AX 
soar as much as 71.15% to A$0.223, post their biggest intraday
jump since June 9, 2020
    ** Shares resume trading after nearly 7 months  urn:newsml:reuters.com:*:nASX8jkxtx
    ** Co recommences trading following strong demand for an A$8
mln ($5.83 mln) capital raising to develop Bristol Springs Solar
Project in Western Australia
    ** Shares hit their highest since Jan. 25, 2021
    ** At 1.7 mln shares, volumes are 16.5 times the 30-day
average of 103,979 shares
    

($1 = 1.3727 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))