Australia's NuEnergy Gas falls on discounted placement

Nuenergy Gas

04/11/2025 02:08

** Shares of NuEnergy Gas NGY.AX fall 7.1% to A$0.026, on track for their weakest session since October 17, if losses hold
** The clean energy co to raise up to A$4.6 million ($3 million) at A$0.025
** Issue price represents a discount of 10.7% to stock's last close on October 28

** No trades have occurred on the stock since October 28, as per LSEG data
** Stock up 44.4% YTD including moves in current session

($1 = 1.5389 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))