Australia's D3 Energy hits nearly 2-week low on discounted placement

D3 Energy

23/03/2026 24:13

** D3 Energy D3E.AX slips as much as 9.6% to A$0.425, lowest since March 10

** Stock posts biggest intraday pct fall since March 2

** Gas explorer announces placement of A$6.1 mln ($4.3 mln) at A$0.36/share

** Issue price represents 23.4% discount to last close

** Proceeds to be directed towards acquiring seismic data across co's Arckaringa Basin permits in South Australia, others

** Around 88,356 shares traded, 1.3x the 30-day average

** YTD, D3E rises 10%

($1 = A$1.4269)

 (Reporting by Roshan Thomas in Bengaluru)

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