Australia's Finder Energy set for worst day in a year on discounted placement

Finder Energy Holdings

30/04/2026 06:14

** Shares of Australia's Finder Energy FDR.AX fall 18.6% to A$0.48, on track for their steepest drop since April 7, 2025

** Stock down 19.5% so far this month, set for its biggest monthly fall since April 2025

** Energy explorer says it received firm commitments to raise A$27 million ($19.22 million) via placement at an issue price of A$0.50 per share

** Issue price represents a 15.3% discount to co's last closing price

** The company will also raise up to a further A$3 million (before costs) at the same issue price

** Around 3.8 mln shares change hands, nearly 7.7x 30-day average

** FDR down 18.8% YTD

($1 = 1.4051 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))