Tamboran Resources made its debut on the U.S. stock market at an opening price of $22.5, lower than the IPO price of $24.
The financial news app learned on Thursday that Tamboran Resources (TBN.US) made its debut on the U.S. stock market at an opening price of $22.5, lower than the IPO price of $24. As of press time, the stock fell more than 7% to $22.31.
Tamboran Resources is an early-stage independent natural gas exploration and production company focused on the commercial development of resources in the Beetaloo Basin in northern Australia.