Australia's Aeris Resources falls on discounted placement

Aeris Resources

31/10/2025 02:23

** Shares of Aeris Resources AIS.AX fall as much as 15.4% to A$0.44, their lowest level since October 2

** On track for the worst session since May 8, if trend holds

** The miner completes A$80 million ($51.98 million) placement

** Issue price of A$0.45 represents a discount of 13.5% to the stock's last close

** Funds raised will be used for additional exploration drilling at Golden Plateau and Southern Vein Field at Cracow, others

** About 8.1 million shares change hands, 1.2 times the 30-day avg

** Stock is up 162.9% YTD, including the session's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))