Australia's Lion Energy eyes best day in 10 weeks on MoU with Chinese firm

Lion Energy

02/07/2021 02:19

** Shares of Lion Energy Ltd  LIO.AX  rise as much as 27.7%
to A$0.06, on track for their best session since April 23
    ** The oil and gas explorer signs MoU with China-based
manufacturer of gas station equipment Censtar
    ** Co says MoU to explore opportunities in testing and
operating Censtar equipment for hydrogen filling stations
 urn:newsml:reuters.com:*:nASX9wSnX8
    ** Stock at its highest since June 16
    ** About 2.6 mln shares change hands, vs the 30-day average
volume of 2.1 mln shares
    ** Stock nearly doubled in value this year, as of last close
     

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))