BUZZ-Australia's Delorean Corp rises on gas sales agreement with Origin Energy Retail

Reuters
2025/09/08
BUZZ-Australia's <a href="https://laohu8.com/S/DEL.AU">Delorean Corp</a> rises on gas sales agreement with <a href="https://laohu8.com/S/ORG.AU">Origin Energy</a> Retail

** Shares of Delorean Corp DEL.AX rise as much as 19.2% to A$0.155, their highest level since August 29

** Stock set to gain the most since March 6, if current trends hold

** The renewable energy co completes a binding gas sales agreement with Origin Energy Retail (Origin), an entity related to Australia's top electricity and gas retailer Origin Energy ORG.AX

** Agreement is for the long term supply of renewable biomethane to Origin from DEL's SA1 Salisbury bioenergy facility in Edinburgh Parks, South Australia

** More than 453,100 shares change hands, 2.2x the 30-day average volume

** Stock currently up 7.7%, bringing YTD losses to 17.7%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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