Australia's BPH Energy falls most in about a month on discounted placement

BPH Energy

17/04/2023 04:06

** Shares of BPH Energy  BPH.AX  fall as much as 9.1% to
A$0.020, posting their biggest intraday pct drop since March 23
    ** The energy explorer says it has received binding
commitments to raise A$1 million ($670,700.00)
    ** Issue price of A$0.019 per share is at a 13.6% discount
to last close on April 12
    ** Says funds raised to be used for funding co's hydrocarbon
projects, among others
    ** Stock up 22.2% YTD, as of last close 

($1 = 1.4910 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))