Business
Real Energy (ASX:RLE) share price rockets 27% on hydrogen merger
The Real Energy Corporation Ltd (ASX: RLE) share price is storming higher today as the company announced an update regarding its future. Shares in the company were trading 26.51% higher at close today. Taking the Real Energy share price to 11 cents.
Pure Hydrogen transition
Real Energy today announced it would be undertaking a merger with Strata-X Energy CDI (ASX: SXA). The anticipated completion date of the merger is March 9, with the new ticker code expected to be ‘PH2’.
The directors of both companies decided to change the name to Pure Hydrogen to better reflect its goal of becoming a large hydrogen business. Notably, the company has already progressed on several fronts in developing its hydrogen division. Nonetheless,…
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