Australia's IPB Petroleum slides to 1-month low on discounted placement

Forte Energy

04/12/2025 01:59

** IPB Petroleum IPB.AX slides 33.3% to A$0.006, lowest since November 5

** Oil and gas explorer to raise up to A$1.27 mln ($838,835) at A$0.008/share via placement

** Issue prices represents 11.1% discount to last close

** About 7.2 mln shares traded, 2.9x the 30-day average

** YTD, IPB flat

($1 = A$1.5140)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))