Australia's Hydrocarbon Dyamics rises on chemical treatment order

Great Bear Exploration

26/04/2022 06:19

** Shares of Australia's Hydrocarbon Dynamics Ltd  HCD.AX 
jump 54.6% to A$0.017, highest since Dec. 3
    ** Energy co says it has been awarded chemical treatment
business for 30 wells with receipt of a follow-up order from an
Australian oil and gas producer in the Cooper Basin  urn:newsml:reuters.com:*:nASXcbXj3X
    ** Initial order for about A$140,000 ($100,996.00)
    ** HCD on track for its sharpest rise since Sept. 13 if
gains hold
    ** In heavy trading, about 6.5 mln shares change hands,
compared with the 30-day average of 398,200 shares 
    ** Stock down 15.4% this year, as of last close

($1 = 1.3862 Australian dollars)

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