Australia's Alligator Energy slides on discounted share placement

Alligator Energy

06/08/2026 06:02

** Shares of Australia's Alligator Energy AGE.AX fall as much as 15.1% to A$0.045, lowest level since June 24
** Stock marks its biggest intraday pct loss since June 19
** Uranium exploration company discloses A$15 million ($10.57 million) placement at A$0.045 per share, a 15.1% discount to last close on Aug 3
** Co says share purchase plan will be conducted to raise up to a further A$3 million 
** Proceeds will be used to progress work at its Samphire and Big Lake Uranium Projects in Australia 
** Co resumes trade following trading halt 
** Nearly 75 million shares change hands, about 4.1x the 30-day average
** YTD, stock up 92%, including session's moves


($1 = 1.4192 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))