Business
Why the Magnum (ASX:MGU) share price soared 16% today
The Magnum Mining and Exploration Ltd. (ASX: MGU) share price is rocketing today, after news the company will have a green hydrogen plant built at its Nevada facility. It has also signed a new marketing agreement.
At its intraday high, the Magnum share price was up by a whopping 16%.
At the time of writing, shares in the company have dropped to 19 cents, which is still a gain of 8.5% on yesterday’s closing price.
Let’s take a closer look at the news out of the mining and exploration company.
Magnum’s green hydrogen future
Today, Magnum shared the news it has signed an exclusive green hydrogen supply agreement with AVF Energy.
The agreement will see AVF Energy building and funding a green hydrogen plant at Magnum’s Nevada…
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