Australia's Grand Gulf Energy rises on Sage Potash collaboration for US project

Shares of Grand Gulf Energy GGE.AX rise 33.3% to A$0.004

Stock hit its highest level since October 24, 2024

The oil and gas explorer signs a memorandum of understanding with potash developer Sage Potash SAGE.V to collaborate on exploration activities within an area of mutual interest at Red Helium project in Utah, United States

Under the MoU, the parties agree to share costs of a proposed 3D seismic survey targeting helium and potash

MoU with Sage Potash has the potential to reduce the cost of future exploration and development activities at the Red Helium Project, says Grand Gulf

About 25.5 million shares change hands, 5.2x the 30-day average volume

Stock up 50% this year, as of last close