Australia's NuEnergy Gas sees best day since 2011 on completing gold royalty disposal

Metalla Royalty & Streaming

29/09/2020 06:30

** Hydrocarbons explorer's shares  NGY.AX  rise to A$0.039,
posts biggest intraday pct gain since 2011
    ** Company completes selling Fosterville gold royalty in
Victoria to Canada-based Metalla Royalty and Streaming  MTA.V 
 urn:newsml:reuters.com:*:nGLFb0dsTl
    ** Proceeds consist of A$2 mln ($1.42 mln) cash and 467,730
shares in Metalla worth about A$5.2 mln, as of Sept. 25 market
close
    ** NGY shares hit their highest since June 25, 2018
    ** About 24 mln shares change hands vs 30-day average volume
of 46,021
    ** Stock down 29.4% this year, as of last close

 ($1 = 1.4118 Australian dollars)

 (Reporting by Yamini C S in Bengaluru)
 ((Yamini.CS@thomsonreuters.com))