BUZZ-Australia's Energy World Corp rises on selling stake in Indonesian project

Reuters
2024-10-11

** Shares of Energy World Corporation rise 33.3% to A$0.012, eyes best session since late April 2021, if current trends hold

** Power producer will receive $35 mln from share purchase agreement to sell a 51% participating interest in Indonesian project

** Co reaches agreement with PT EMP Energi Jaya to sell Sengkang oil and gas production area in Indonesia

** Stock hits highest level since Oct. 2

** About 2.4 mln shares change hands vs 30-day avg volume of ~1.7 mln shares

** Stock adds 33.3% in volume so far this week, on track for its best week since late August

** Stock down ~55.6% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

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

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