Renergen’s share price rocketed 37.3% on the JSE on Friday after it said the long-awaited event of filling a container with liquid helium had taken place.
The closing share price, however, was still below the R10.90 it traded at a year ago and well down from the R37.50 it traded at three years ago, before many shareholders appeared to become disaffected with the slow pace of development of South Africa’s first onshore liquid natural gas and helium production facility at Virginia, in the Free State, and the share price declined since then.
The company drew significant retail shareholder interest when it first announced a big helium reserve on its site in October 2021, but there have been many delays in developing the gas exploitation and production facilities.
On Friday, the…
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Star South Africa (Digital) - 1 Issue, 2025-03-17