Australia's Hartshead Resources surges most in 5 months on UK's hydrogen deal

Hartshead Resources NL

06/10/2021 04:28

** Shares of Hartshead Resources NL  HHR.AX  surge as much
as 15.4% to A$0.030, their highest since April 22
    ** Natural gas co selected https://bit.ly/3lfaP25 by UK Oil
& Gas Authority (OGA) to participate in several special interest
groups on future hydrogen generation at the Bacton gas terminal
    ** HHR says it has potential to deliver over 0.5 trillion
cubic feet of hydrogen to Bacton gas terminal helped by its
experience in Southern Gas Basin
    ** OGA says Bacton gas terminal has "significant economic
opportunity" which will play leading role in UK's energy future
    ** Stock posts its biggest intraday pct gain since Aug 3;
about 8 mln shares change hands, 2.4x the 30-day avg volume of
3.3 mln
    ** Stock has fallen 31.6% YTD, as of Tuesday's close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))