Australia's Invictus Energy jumps most in over 1 year on gas discovery in Zimbabwe

Invictus Energy

06/12/2023 23:47

** Shares of Australian upstream oil and gas firm Invictus
Energy  IVZ.AX  rise as much as 59.4% to A$0.255, marking their
biggest intraday pct jump since November 2022
    ** IVZ stock at its highest level since Oct 31
    ** Stock is top gainer in the ASX All Ordinaries index
 .AORD  
    ** Co announces gas discovery in the Mukuyu-2 well at its
80%-owned and operated Cabora Bassa project in Zimbabwe
    ** More than 18.2 mln shares change hands, vs the 30-day
average of 13.4 mln shares
    ** IVZ down 44.8% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))