BUZZ-Australian Strategic Materials slumps on discounted placement
Reuters
Oct 20, 2025
BUZZ-<a href="https://laohu8.com/S/ASMNA.AU">Australian Strategic</a> Materials slumps on discounted placement
** Shares of Australian Strategic Materials ASM.AX fall as much as 22.4% to A$1.25, their lowest level in a week
** Critical metals producer raises A$55 million ($35.76 million) in a share placement
** Issue price of A$1.2 per share represents a discount of 25.5% to stock's last close
** About 2.8 mln shares change hands, 1.8x the 30-day average of 1.8 mln
** Stock has more than doubled in value so far this year
($1 = 1.5382 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))
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