Australia's Mpower jumps most in 2 years on new funding agreement

MPR Australia

23/03/2023 24:35

** Shares of Mpower Group  MPR.AX  jump as much as 29.4% to
A$0.022, posting their biggest intraday pct gain since March 15,
2021
    ** Renewable energy firm says it has established a project
funding relationship with AMPYR Energy
    ** Says funding arrangement designed to finance construction
and development costs on a project-by-project basis 
    ** Says agreement executed for first A$10 mln ($6.70 mln) in
funding for co's clean energy project in New South Wales 
    ** Shares touch their highest level since Feb 23
    ** About 1.2 mln shares change hands vs the 30-day average
of 242,187 shares
    ** Stock had risen 6.3% YTD, as of last close

($1 = 1.4928 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))