Australia's 3D Energi loses most in over 3 weeks on discounted placement

3D Energi

06/10/2025 02:24

** Shares of Australia's 3D Energi TDO.AX fall as much as 13.3% to A$0.13, their biggest intraday pct drop since September 11

** Stock at its lowest level since September 16, and on track to record its second straight session of losses, if current trend holds

** The energy co to raise A$9.2 million ($6.07 million) at an issue price of A$0.11 per share

** Issue price at a discount of 26.7% to stock's last closing

** Funds from placement to be used for drilling of two well exploration campaign, others

** Near 1 million shares change hands, 3.4x the 30-day average volume

** Stock has risen 44% this year, as of 0115 GMT

($1 = 1.5165 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))