Business
Why the Strike Energy (ASX:STX) share price powered up today
The Strike Energy Ltd (ASX: STX) share price has been rising today. The positive movement comes after the company announced it would enter the renewable energy market.
At the time of writing, shares in the oil and gas explorer are trading for 33 cents each – up 4.76%. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.56%.
Let’s take a closer look at Strike Energy’s announcement.
What did Strike Energy announce?
In a statement to the ASX, Strike Energy announced it had signed a “nonbinding term sheet to acquire 100% of the existing geothermal rights of the Perth Basin via the acquisition of Mid-West Geothermal Power Pty…
-
Noosa News17 hours agoPhotographer Nadia Shevtsova remembered by family in touching tribute after deadly crash at Gold Coast
-
General12 hours agoMajority of Australia’s first Ashes Test squad to feature in Sheffield Shield round four
-
Noosa News19 hours agoWoman’s lucky escape after car rolls and crashes onto tracks before being hit by oncoming train in Kingston, Logan
-
General13 hours agoAustralia beats New Zealand 40-8 to defend Women’s Pacific Cup crown