Australia's Grand Gulf Energy climbs on strategic alliance with Paradox

Grand Gulf Energy

11/04/2022 06:40

** Shares of Grand Gulf Energy  GGE.AX  rise as much as 17%
to A$0.062
    ** Oil and gas explorer says its unit entered into a
Strategic Alliance with helium refiner and seller Paradox
Resources  urn:newsml:reuters.com:*:nFWN2W705W
    ** Under alliance, co will supply raw helium gas to Paradox
to its liquefaction plant in Lisbon 
    ** Trading volumes are 1.5 times the 30-day average of 12.2
mln shares 
    ** Stock is up 120% so far this year, as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))