Australia's Invictus Energy drops on discounted placement

Invictus Energy

21/04/2026 05:56

** Shares of Australia's Invictus Energy IVZ.AX slump as much as 24.4% to A$0.062, their steepest drop since January 27

** Upstream energy firm receives binding commitments for a A$10 million ($7.17 million) placement at an issue price of A$0.060 per share

** Issue price represents a 26.8% discount to last closing price

** Funds to be primarily allocated to the Musuma-1 high-impact exploration well - IVZ

** Around 24.4 mln shares change hands, nearly 5.3x 30-day average

** IVZ down 55% YTD

($1 = 1.3955 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))