Australia's Lion Energy hits 19-month high on government nod for hydrogen project
20/03/2024 01:17
** Shares of Lion Energy LIO.AX rise as much as 76% to
A$0.044, their highest since Aug. 16, 2022
** Oil and gas explorer says it has obtained development
approval from the planning agency of the Queensland government,
for its hydrogen generation and refuelling hub at Port of
Brisbane
** Says the project can proceed to construction phase after
approval from the State Assessment and Referral Agency
** About 19.8 mln shares change hands, compared with the
30-day average volume of 232,000
** Stock up 51.5% YTD, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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