Australia's Parkway eyes best day in about 2 years on contract with QGC

Parkway Corporate

07/04/2022 06:59

** Shares of clean technology company Parkway Corporate Ltd
 PWN.AX  rise as much as 64.7% to A$0.0140, post their biggest
intraday pct jump since May 2020
    ** Co says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02508234-6A1085802?access_token=83ff96335c2d45a094df02a206a39ff4
 entered a material contract with natural gas producer QGC Pty
Ltd, operated by Shell Plc  SHEL.L 
    ** Contract to evaluate and assess feasibility of treating
waste brine from QGC's coal seam gas water treatment plants
    ** Co to receive A$615,000 ($460,143.00) for the study
    ** PWN stock hits highest since Sept. 27, 2021
    ** About 73.0 mln shares change hands, vs the 30-day average
volume of 2.0 mln
    ** Stock had fallen 19.1% this year, as of last close
    
($1 = 1.3365 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))