BUZZ-Australia's ADX Energy slips to 2-month low on discounted placement
Reuters
Nov 13, 2025
BUZZ-Australia's ADX Energy slips to 2-month low on discounted placement
**Shares of ADX Energy ADX.AX fall as much as 22.2% to A$0.025, their lowest level since September 16
** Energy producer to raise A$3.5 million ($2.27 million) through placement
** Offer price of A$0.026 per share marks an 18.8% discount to stock's last close
** Proceeds to be used for recommencement of Welchau-1 gas reserve testing in Upper Austria during January 2026, among others - co
** YTD, stock flat
($1 = 1.5389 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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