Australia's Horizon Oil hits near 8-yr-high after upgrading FY22 guidance

Horizon Oil

24/05/2022 03:54

** Shares of oil and gas co Horizon Oil Ltd  HZN.AX  climb
as much as 9.6% to A$0.143, their highest since Dec. 2, 2014
    ** Co upgrades its FY22 revenue guidance to $105 mln-$110
mln from $90 mln-$100 mln due to sustained higher oil prices
 urn:newsml:reuters.com:*:nASX583X9q
    ** Also revises FY22 EDITDAX guidance to $65 mln-$75 mln
from $60 mln-$70 mln
    ** Shares mark their biggest intraday gain since April 11
    ** Trading volumes are 5.2 times the 30-day average of
865,826 shares
    ** As of last close, stock up 41.3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))