Australia's Echelon Resources jumps on exploration permit deal
15/01/2025 04:42
** Shares of Echelon Resources ECH.AX rise 7.5% to A$0.36,
posting their biggest intraday pct gain since Oct. 8, 2024
** Energy explorer and producer says it executed deal with
London-listed Mosman Oil and Gas MSMN.L for 100% interest in
an exploration permit in Amadeus Basin, Central Australia
** Says purchase price A$400,000 ($247,640)
** Stock hits highest level since mid-December
** Stock gained 9.6% in 2024
($1 = 1.6152 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.shaikh@thomsonreuters.com))