Australia's Renu Energy jumps on Tasmanian government funding

Janus Electric Holdings

13/05/2024 02:28

** Shares of Renu Energy  RNE.AX  rise as much as 71.4% to
A$0.012, posting their biggest intraday percentage gain since
Nov. 9, 2022
    ** Stock hits its highest level since March 6
    ** Renewable and clean energy co says its unit received an
A$8 mln ($5.28 mln) funding package from the Tasmanian
Government
    ** Says funding will be paid when unit delivers green
hydrogen to customers 
    ** Nearly 24.6 mln shares change hands, compared with the
30-day average volume of about 1.4 mln
    ** Stock down 53.3% YTD, based on last close




($1 = 1.5158 Australian dollars)

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