** 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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