Australia's Noble Helium falls most in over 2 years on discounted placement

Noble Helium

02/04/2026 03:13

** Shares of Noble Helium NHE.AX fall as much as 26.5% to A$0.036, their biggest intraday pct drop since November 2, 2023

** Helium explorer says it would raise A$12 million ($8.27 million) through placement

** Offer price of A$0.029 per share represents 40.8% discount, as of firm's last close

** Says placement funds to be used to support drilling in co's North Rukwa helium project in Africa

** Stock up 16.7% YTD

    ($1 = 1.4518 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))