Australia's Grand Gulf Energy gains on approval for drilling permit

Grand Gulf Energy

05/04/2022 06:43

** Shares of Grand Gulf Energy  GGE.AX  rise as much as 6.5%
to A$0.049, hit highest level since March 25
    ** Oil and gas explorer says Utah Division of Oil, Gas and
Mining approved co's application for Permit to Drill for Jesse#1
in the Red Helium project area in U.S.  urn:newsml:reuters.com:*:nASX3gpTkz
    ** Stock on track for third straight session of gains, if
gains hold
    ** More than 21.8 mln shares change hands, compared with the
30-day average volume of about 8.8 mln shares
    ** Stock has risen 91.7% this year as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))