Australia's QPM Energy jumps after getting permits for Queensland power station

QPM Energy

09/03/2026 04:57

** Shares of QPM Energy QPM.AX rise as much as 11.1% to A$0.03, their biggest intraday pct gain since October 14, 2025

** Integrated energy business firm receives a Material Change of Use Development permit from Isaac Regional Council, and an Environmental Authority from the Queensland government

** Permits for the construction and operation of the 112mV Isaac power station

** Says co has received all development and environmental approvals required for power station

** More than 35.2 million shares change hands, 4.6 times the 30-day average

** Stock down 17.1% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))