BUZZ-Australia's NuEnergy Gas falls on discounted placement
Reuters
Nov 04
BUZZ-Australia's NuEnergy Gas falls on discounted placement
** 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))
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