Australia's White Energy climbs on stake sale in U.S. coal firm

White Energy

31/03/2021 04:34

** Shares of White Energy Co Ltd  WEC.AX  rise as much as 4%
to A$0.13, their highest since March 1
    ** The coal mine operator announces the sale of their 51%
equity in Mountainside Coal Co based in Kentucky, United States
 urn:newsml:reuters.com:*:nASX5SbHrX
    ** Co says sale to Kentucky-based miner, Clay Laurel Mining
Inc, is for $4.053 mln
    ** More than 88,900 shares change hands, compared with the
30-day average volume of about 49,000 
    ** Stock up 13.6% this year, as of last close
    
    

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))