** Arizona Lithium AZL.AX plunges 22.2% to A$0.007, lowest level since June 2020
** Lithium explorer says it will raise A$2 mln ($1.3 mln) via share purchase plan at A$0.006, a 33.3% discount to last close
** Stock sees busiest day since February 18, with ~23.5 mln shares traded vs the 30-day avg of ~5.6 mln
** AZL dropped as much as 33.3% earlier in the day, marking its worst intraday pct drop since May 2020
** Stock sheds 44% YTD
($1 = A$1.5716)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.