Australia's Toro Energy soars most since July 2020 on IsoEnergy buyout

Toro Energy

13/10/2025 01:37

** Toro Energy TOE.AX soars as much as 47.7% to A$0.480; marks biggest intraday pct gain since July 2020

** Toronto-listed IsoEnergy ISO.TO to buy uranium miner; Toro shareholders to get 0.036 of common share of ISO

** Exchange ratio implies offer price of A$0.584/Toro share, a 79.7% premium to last close

** YTD, TOE more than doubles in value

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))