Australia's Jupiter Energy rises on higher oil quarterly sales

Jupiter Energy

22/07/2024 03:57

** Shares of Jupiter Energy  JPR.AX  rise as much as 15.4%
to A$0.03, their highest since July 10
    ** Stock posts its biggest intraday pct gain since July 5
    ** Oil explorer posts unaudited oil sales revenue (including
VAT) of $2.3 mln for the June quarter up from $2.127 mln in the
previous quarter
    ** Says sold ~56,000 barrels of oil at the average price of
$41/bbl vs ~55,000 barrels of oil sold in March quarter at the
average price of $38/bbl
    ** About 300,000 shares change hands, compared with the
30-day average volume of 106,694
    ** Stock has risen 52.9% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))