Australia's BPH Energy falls on discounted placemment

BPH Energy

13/05/2024 03:20

** Shares of BPH Energy  BPH.AX  fall as much as 12.5% to
A$0.021, set to lose most since Feb. 12 - if current trends hold
    ** Energy explorer receives commitments to raise A$1 million
 ($658,500.00) through a placement
    ** Co says, placement is at issue price of A$0.02 per share,
a 16.7% discount to stock's last closing price
    ** Stock has fallen over 48% this year, as of last close

($1 = 1.5186 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))