Australia's Hexagon Energy rises on progress in hydrogen project

NH3 Clean Energy

11/01/2023 03:06

** Shares of Hexagon Energy Materials  HXG.AX  rise as much
as 12.5% to A$0.018, their best intraday gain since Dec. 2, 2022
    ** Energy materials explorer says it completed a scoping
study on its Western Australia Hydrogen project, its low-carbon
hydrogen project
    ** HXG Chairman Charles Whitfield says the outcomes of this
study provide the confidence for HXG to progress to a
preliminary feasibility study, due for completion in Q2 
    ** Trading volumes cross twice the 30-day average, with
about 1.1 mln shares traded so far
    ** HXG stock lost 77.3% in 2022 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))