Australia's ABx Group plunges on plan for discounted share placement

ABx

17/09/2026 03:52

** Shares of ABx Group ABX.AX plunge as much as 20.5% to A$0.031, their lowest since late December 2024
** Stock logs its biggest intraday pct loss since October 28, 2025 on capital raising plan to support Tasmania rare earths and other projects
** Co to raise about A$4.1 mln ($2.91 mln) via a A$2.1 mln placement and an A$2 million share purchase plan
** Placement issue price of A$0.031/share is a 20.5% discount to stock's last close, per Reuters' calculations
** YTD, stock down 56.2%
 
 ($1 = 1.4096 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))