Australia's Invictus Energy rises on positive sample analysis results at Zimbabwe project

Invictus Energy

04/03/2024 24:07

** Shares of Invictus Energy  IVZ.AX  rise as much as 12.2%
to A$0.110, their biggest intraday percentage gain since Dec 18,
2023
    ** Stock hits its highest level since Feb 1
    ** The oil and gas explorer says fluid sample analysis
has confirmed rich gas condensate at the Mukuyu-2 well at its
Cabora Bassa Project in Zimbabwe
    ** Says helium and hydrogen confirmed in gas stream
    ** Nearly 7.1 mln shares change hands, compared with the
30-day average volume of about 2.8 mln shares
    ** Stock down 14.8% YTD, as of last close


    

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