BUZZ-Australia's Invictus Energy surges to more than 1-year high on deal with Qatar co

Reuters08-27
BUZZ-Australia's <a href="https://laohu8.com/S/IVCTF">Invictus Energy</a> surges to more than 1-year high on deal with Qatar co

** Invictus Energy IVZ.AX surges as much as 145.3% to A$0.13, highest since December 28, 2023

** Stock marks biggest intraday pct gain since November 10, 2022

** Oil and gas explorer signs MoU, share subscription agreement with Qatar-based Al Mansour Holdings $(AHM)$

** AHM to buy 19.9% stake in co, provide up to $500 mln in future finance to bring Cabora Bassa Project to commercial production

** AHM to invest A$37.8 mln ($24.6 mln) before costs at share price of A$0.095

** About 82.1 mln shares traded, ~60x the 30-day avg, in stock's busiest session since November 10, 2022

** IVZ last up 135.9%, taking YTD gains to 54.3%

($1 = A$1.5389)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment