Business
APA Group (ASX:APA) share price flat despite major project news
The APA Group (ASX: APA) share price has had a mixed day of trading today after the company announced a new project in Western Australia. Shares in the gas distributing giant are currently trading flat at $10.59, the same price as yesterday’s close. However, the APA Group share price was as high as $10.78 in early morning trade.
What is the new project?
The APA Group announced an investment of up to $460 million to construct a 580km, 12″ pipeline in Western Australia. The new pipeline will connect emerging gas fields in the Perth Basin to the resource rich Goldfields region, forming an interconnected WA gas grid.
The company said the new pipeline would be connected to its existing pipeline. In doing so, this would create a gas…
-
Business14 hours agoWhy did this ASX 200 healthcare stock crash 14% yesterday?
-
General22 hours agoRussia launches hundreds of drones and missiles against Ukraine in fresh attack
-
Business16 hours agoOwn Xero shares? Here are 3 key takeaways from its AGM
-
General13 hours agoPatients speak out after Brisbane doctor accused of ‘excessive’ pap smears, kissing woman on lips