BUZZ-Australia's Investigator Resources falls on discounted placement

Reuters
17 Jun
BUZZ-Australia's Investigator Resources falls on discounted placement

** Shares of Investigator Resources IVR.AX fall 5.9% to A$0.032, their lowest level since June 6

** Metal explorer received firm commitments to raise A$4.3 mln ($2.80 mln) through a share placement at 3 Australian cents per share

** Issue price represents a discount of 11.8% to co's last close

** Around 3.2 shares change hands vs the 30-day average of 2.4 mln shares

** Stock fell as much as 8.8% earlier in the day

** Stock up 60% this year, including the day's move

($1 = 1.5361 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10