Australia's Kinetiko eyes best day in over 1-1/2 months on site survey

Kinetiko Energy

08/09/2021 05:27

** Shares of Australia's Kinetiko Energy Ltd  KKO.AX  rise
as much as 7.14% to A$0.09 after co confirms fourth survey on
Amersfoort project site
    ** Stock posts its biggest single-day percentage climb since
July 22
    ** Natural gas exploration co says fourth high-resolution
aeromagnetic survey to locate gassy compartments confirmed to
take place at project site in Amersfoort, South Africa
    ** Every high-resolution aeromagnetic survey flown to-date
has successfully identified potential gassy compartments, says
co
    ** Amersfoort project belongs to Afro Energy, a 49%-owned
joint venture co of Kinetiko 
    ** Stock hits highest since Aug. 26 
    ** About 210,000 shares have changed hands, compared with
the 30-day average of about 197,000 shares 
    ** KKO down 44% so far this year, as of last close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))