Ivanhoe Energy Inc., a Canada-based oil producer, rose 11 percent after announcing what it called a “significant” natural-gas discovery in southwestern China.
Ivanhoe, based in Calgary, rose 29 cents to $2.83 at 4 p.m. on the Nasdaq Stock Market. The shares rose as much as 21 percent, the biggest intraday increase since Nov. 21, 2008.
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Source: Bloomberg
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