Australia's Provaris Energy jumps on potential hydrogen supply deal with Uniper unit

Provaris Energy

06/01/2025 02:05

** Shares of Provaris Energy  PV1.AX  rise as much as 8.1% to
A$0.02, their highest since Dec. 31 , 2024
    ** Stock hits its highest level since Dec. 31, 2024
** Green hydrogen producer signs conditional term sheet for
hydrogen supply to a unit of German electricity producer Uniper
 UN0k.DE  
    ** Says targeting binding supply deal by June
    ** About 3.3 mln shares change hands, compared with the
30-day average volume of 320,000
    ** Stock dropped 66.7% last year

(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))