Australia's Tamboran Resources faces worst week since late August

Tamboran Resources

23/09/2022 01:47

** Shares of Tamboran Resources Ltd  TBN.AX  down 11.1% so
far in the week, heading for their worst week since Aug. 26
    ** Stock gains 2.2% to A$0.24 in early trade on Friday, up
for a second straight session
    ** Stock fell 18.5% on Tuesday after the shale gas explorer
said it would raise up to A$195 mln ($129.64 mln) through a
placement and strategic partnership to fund acquisition of
Origin Energy's  ORG.AX  stake in Beetaloo venture
    ** Stock had fallen 38.6% this year, as of last close
($1 = 1.5042 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))