Australia's QEM jumps after awarding contract for oil and vanadium project

QEM

27/10/2021 05:28

** Shares of oil and vanadium explorer QEM Ltd  QEM.AX  rise
as much as 8.1% to A$0.205 - highest level since July 9
    ** Co says signed contract with environmental consultant
Epic Environmental Pty Ltd to develop environment impact
statement and assistance with related approvals for Julia Creek
Project urn:newsml:reuters.com:*:nASX6JMd4C
    ** QEM says Epic's assessment to form a key component of the
pre-feasibility study for co's flagship vanadium and oil shale
Julia Creek Project in North Queensland
    ** Stock posts its biggest intraday percentage gain since
Aug. 13
    ** More than 2.6 mln shares change hands, nearly 8 times
their 30-day avg 
    ** Stock up 146.7% this year, as of last close 

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))