Australia's QPM Energy slides on discounted placement

QPM Energy

30/06/2025 02:27

** QPM Energy QPM.AX slides as much as 13.9% to A$0.031, lowest since September 2024

** Stock marks biggest intraday pct drop since January 30

** Integrated energy business gets commitments to raise A$10 mln ($6.5 mln) at A$0.031/share

** Issue price ~14% discount to stock's last close

** YTD, QPM falls 35%

($1 = A$1.5302)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))