Australia's Terracom rises as co reaches agreement with ASIC over civil proceedings

Terracom

27/05/2025 03:23

** Shares of Terracom TER.AX rise 5.4% to A$0.059, their biggest intraday gain since May 13

** The coal miner says it has reached an agreement with Australian Securities and Investments Commission (ASIC) to resolve civil proceedings commenced on February 28, 2023

** Under the settlement, co to pay ASIC a civic penalty A$7.5 million ($4.86 million), among other orders

** Stock down 67.2% this year, including the day's move

($1 = 1.5425 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))