Australia's Invictus Energy jumps most in 7 months on capital raise

Invictus Energy

29/07/2024 04:59

** Shares of Invictus Energy  IVZ.AX  rise as much as 20.5%
to A$0.094, highest since mid-March
    ** stock posts its biggest intraday pct gain since Dec 2023
    ** Oil and gas explorer to raise USD $10 mln by selling
shares at A$0.10/each, a 32% premium to Fri. close
    ** Adds Mutapa Investment Fund, the sovereign wealth fund of
Zimbabwe has committed $5 mln
    ** Trading vol is 14.4 mln shares vs 30-day avg of ~2.8 mln
    ** Stock trims YTD losses to 25.2%, including session's
moves

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))