Australia's Renu Energy hits 3-week high on gas supply deal

Janus Electric Holdings

01/07/2022 02:06

** Shares of lean energy technology co Renu Energy  RNE.AX 
surge as much as 33.3% to A$0.040, hitting their highest since
June 9 
    ** Says its unit, Countrywide Hydrogen Pty, signed a term
sheet agreement with Tas Gas Networks to deliver 100% green
hydrogen to industrial customers and the blending of green
hydrogen into the existing natural gas distribution network 
 urn:newsml:reuters.com:*:nASX3vBhqz
    ** Stock marks intraday percentage gain since June 24 
    ** About 1.6 mln shares change hands compared with a 30-day
average of 382,254 shares 
    ** Stock down ~63% this year, as of last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))