Business
Why the NuEnergy (ASX:NGY) share price is rocketing 230% higher today
The NuEnergy Gas Ltd (ASX: NGY) share price has started the week with a bang.
In afternoon trade the Indonesia-based independent clean energy company’s shares are up an astonishing 230% to 9.9 cents.
This means the NuEnergy share price is up a massive 800% since the start of the year.
What is NuEnergy?
NuEnergy is a clean energy company focused on developing Indonesian unconventional gas assets.
The company explains that it was formed with the goal of reliably and sustainably supplying clean energy to meet the growing energy demands of Indonesia. It is one of the world’s fastest growing economies and energy consuming markets.
The company holds four onshore Production Sharing Contracts (PSCs) across South Sumatr and is fully…
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