Australia's Grand Gulf Energy eyes best day in 9 months on helium discovery

Grand Gulf Energy

29/06/2022 03:50

** Shares of helium explorer Grand Gulf Energy  GGE.AX  rise
as much as 34.8% to A$0.031 - set for best session since Sept.
22, if gains hold
    ** GGE says helium discovery confirmed at the Red Helium
Project in Utah  urn:newsml:reuters.com:*:nASX7b0RK
    ** Well tests expected during early to mid Q3 2022 - co
    ** To implement well configuration that will potentially
facilitate the flow of raw gas to surface - GGE
    ** Shares hit their highest since June 6
    ** More than 38.7 mln shares change hands, compared with the
30-day average volume of about 11.5 mln shares
    ** Stock down about 4% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))