Australia's Advance Metals slides on discounted placement

Advance Metals

02/05/2025 01:56

** Advance Metals AVM.AX slides 10.7% to A$0.050, lowest since April 23

** Stock marks biggest intraday pct drop since April 7

** Diversified metals explorer to raise A$2.55 mln ($1.6 mln) through placement at offer price of A$0.050, a 10.7% discount to last close

** YTD, AVM gains more than 64%

($1 = A$1.5632)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))