Gold stocks led the sharemarket leaders on Wednesday alongside energy stocks, while the S&P/ASX 200 Index was clinging to gains in early trading.
Genex Power owns the flagship Kidston Clean Energy Hub in North Queensland, and other solar and battery storage assets in NSW and central Queensland.“The board maintains its belief that Genex has compelling future prospects as the energy transition gathers pace and the Company remains focused on the continued delivery of the 250MW Kidston Pumped Storage Hydro Project and the 50MW Bouldercombe Battery Project, alongside its attractive pipeline of growth opportunities,” Genex said in a statement.
The news comes months after PointsBet rebuffed a $220-million plus offer to sell its Australian operations to News Corp, going on toThe company’s share price has fallen 80 per cent this year alongside its big push into the emerging US betting market.
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