BUZZ-Australia's Jade Gas rises as co identifies gas potential in Mongolia project

Reuters

04-11

BUZZ-Australia's Jade Gas rises as co identifies gas potential in Mongolia project

** Shares of Jade Gas JGH.AX rise 21.2% to A$0.040, their highest levels since November 28, 2024

** Earlier in the day, stock hit its highest level since August 19, 2024

** The gas exploration co identifies significant gas potential at a second gas production well drilled at the Red Lake gas field in Mongolia

** Stock set for its strongest session since March 24, if current trend holds

** About 6.2 mln shares traded in stock's busiest session since June 3, 2022

** Stock up 8.1% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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