Alon Surges to Two-Year High After Israel Oil Increases Stake
Alon Natural Gas Exploration Ltd. (ALGS) advanced to the highest in more than two years after the natural gas company’s controlling shareholder increased its ownership.
“Alon” Israel Oil Co. increased its stake to 82.77 percent by buying 115,000 shares at 43.71 shekels each, according to a filing with the Tel-Aviv Stock Exchange today.
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