Australia's Elixir falls to near 9-month low on discounted placement
12/08/2026 04:18
BUZZ-Australia's Elixir falls to near 9-month low on discounted placement ** Shares of Elixir Energy EXR.AX fall as much as 14% to A$0.043, hitting their lowest level since late Nov 2025
** Oil and gas producer’s stock is poised to extend its losing streak to three sessions
** Co discloses A$5 million ($3.53 million) placement at A$0.04 per share, representing a 20% discount to stock's last close on Aug. 7
** Adds, proceeds will be used to complete technical works at Lorelle-3H gas well in Queensland, among others
** Trading volumes spike above 13 million shares, approaching 2x the stock’s 30-day average
** Stock last down 8%, taking YTD losses to 41%
($1 = 1.4172 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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