Australia's Frontier Energy hits over two-month low on discounted placement

Frontier Energy

08/12/2025 23:28

** Shares of Australia's Frontier Energy FHE.AX fall as much as 5.8% to A$0.245, their lowest level since September 17

** The renewable energy co says it will raise A$11.5 million ($7.62 million) via placement at an issue price of A$0.25 per share

** Issue price represents a discount of 3.8% to stock's last closing

** Funds from placement to help co complete debt financing process, others

** Stock has risen 108.3% this year, including day's moves

($1 = 1.5097 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))