DNO Jumps to Record as Earnings Beat Estimates: Oslo Mover
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DNO International ASA, the Norwegian oil company focused on Iraq’s Kurdish region, rose to a record in Oslo trading after third-quarter earnings beat estimates.
The shares surged as much as 5.5 percent to 19.9 kroner, the highest since Bloomberg started compiling data. About 9.9 million shares had been traded as of 3 p.m., more than three times the daily average over the past three months.