Australia's Condor Energy falls on discounted placement

Condor Energy

04/05/2026 01:48

** Shares of Australia's Condor Energy CND.AX fall as much as 9.5% to A$0.019, marking their biggest intraday pct loss since March 31

** Stock hits lowest level since April 9

** Energy co to issue 123.4 mln new shares at A$0.017 per share

** Placement price at a 19% discount to last close

** Co says proceeds to be used to advanced offshore Peru portfolio

** About 8.1 mln shares change hands, 6.3x the 30-day average

** Stock down 5% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))