Australia's Grand Gulf Energy jumps on high helium gas flow at Utah

Grand Gulf Energy

20/12/2023 03:11

** Shares of Grand Gulf Energy  GGE.AX  rise as much as 30%
to A$0.013, their highest since Dec. 11
    ** Stock posts its biggest intraday percentage gain since
Dec. 11
    ** Gas explorer says flow testing showed helium gas flowing
to the surface with high helium concentrations at its Red Helium
project in Utah, U.S.
    ** More than 21 mln shares change hands, versus the 30-day
average volume of 4.4 mln
    ** Stock down ~47% this year, as of last close



 (Reporting by Aaditya Govind Rao)
 ((Aaditya.govindrao@thomsonreuters.com;))