Australia's Greenvale Energy slumps on discounted placement

Greenvale Energy

06/11/2025 02:10

** Shares of Greenvale Energy GRV.AX fall 9.1% to A$0.05, their lowest level since October 28

** Mineral explorer to raise A$1.05 million ($682,290) at A$0.044 per share
** Issue price represents a discount of 20% to stock's last close
** Stock up 47.1% YTD

($1 = 1.5389 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))