BUZZ-Australia's Pure Hydrogen at record low on contract termination legal claim

Reuters
02/05
BUZZ-Australia's Pure Hydrogen at record low on contract termination legal claim

** Shares of Pure Hydrogen PH2.AX fall 3% to A$0.096

** PH2 fell as much as 5.1% to a record low of A$0.94, earlier in the session

** Clean energy firm says that a claim has been filed against the co claiming damages from the termination of a contract of A$8.1 million ($5.06 million)

** Co intends to vigorously defend the matter as it claims that it is entirely without merit

** 967,778 shares change hands, 2.9 times the 30-day average of 338,174

** Stock fell 8.6% YTD, including current session's moves

($1 = 1.6018 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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