Australia's Key Petroleum slips on axing final placement tranche

Key Petroleum

19/03/2026 05:00

** Key Petroleum KEY.AX slips 13.2% to A$0.046; set for worst day since February 23

** Co says remaining tranche of 4.4 mln shares as part of previously announced placement won't proceed as deadline passes

** YTD, KEY down 20.7%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))