Australia's Pure Hydrogen gains most in nearly 2-months on H2X's India JV deal

Pure One

28/01/2022 02:31

** ASX-listed shares of the oil and gas explorer  PH2.AX 
climb as much as 11% to A$0.405, on track for their sharpest
single day pct jump since Dec. 7 
    ** Says H2X Global Ltd, a co in which PH2 is the largest
shareholder with holding of about 24%, has inked a deal with
automotive parts manufacturer Advik Hi-Tech Pvt Ltd to establish
a joint venture (JV) co  [https://bit.ly/3g0cNQB
]
    ** Adds that under JV, the parties will manufacture, source
and supply components for hydrogen vehicles and powered products
for India and international markets 
    ** More than 2.9 mln shares change hands as compared with
the 30-day average volume of ~1.7 mln shares  
    ** PH2 down 33.6% as of last close, so far this year 


 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))