Shares of Tamboran Resources Corporation (TBN) declined sharply following a public offering of 2.96 million shares.
The stock is currently trading at $35.21, down $10.13 or 22.35%, on the NYSE. It opened at $37.25 after closing the previous session at $45.34. The stock has traded between $17.29 and $52.21 over the past 52 weeks.
Tamboran priced an underwritten offering of 2.96 million shares at $35.00 per share, raising approximately $103.5 million in gross proceeds.
The proceeds will be used to fund drilling programs, resource development across key acreage, and general corporate purposes.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.