Invictus Energy rises to 1-month high on petroleum deal with Zimbabwe

Invictus Energy

28/05/2026 02:22

** Shares of Australia's Invictus Energy IVZ.AX rise as much as 56.7% to A$0.0105, their highest level since April 24
** Stock set for its best session since August 27, 2025, if gains hold 
** The upstream energy firm executes the Petroleum Production Sharing Agreement with the Republic of Zimbabwe
** Provides investment protection, others aimed at reducing Cabora Bassa development costs and accelerating project timelines
** About 72.4 million shares change hands, 5.5 times the 30-day avg 
** Stock down 37.5%, YTD, including the session's moves
     

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