Australia's Frontier Energy falls on discounted placement

Frontier Energy

04/06/2026 01:54

    ** Shares of Frontier Energy FHE.AX fall as much as 15.4% to A$0.22, set for their worst session since early-October 2024, if losses hold
  

    ** Stock posts its lowest level since March 27
  

    ** The renewable energy company 
    receives
     commitments to raise A$110 million ($78.46 million)
  

    ** The issue price of A$0.20 represents a discount of 23% to stock's last close
  

    ** About 679,000 shares change hands, 1.4 times the 30-day avg 
  
     
($1 = 1.4019 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))