Shares in the LNG terminal developer, LNG Limited are continuing to rise hitting a five-month high on Tuesday.
Shares in the Australian-listed company rose almost 50 percent since last Thursday to A$0.82.
LNG Limited said in a statement to the Australian stock exchange on Monday that it “ does not have an explanation for the price change in the securities of the company “.
“ The company is not aware of any information concerning it that has not been announced to the market which, if known, could explain the recent trading in its securities ,” LNG Limited said.
The company is currently developing LNG export terminal projects in the United States, Canada, and Australia having combined aggregate design production capacity of nearly 20 mtpa, with a further expansion option of up to 4 mtpa in Canada, according to its website.
LNG Limited’s portfolio includes the Magnolia LNG export terminal in Louisiana, U.S., Bear Head LNG in Nova Scotia, Canada, and Fisherman’s Landing project in Gladstone, Australia.