Australia's Aguia Resources hits two-month low on discounted placement

Aguia Resources

03/02/2026 03:02

** Shares of Australia's Aguia Resources AGR.AX fall as much as 29.2% to A$0.017, their lowest point since November 27

** The phosphate producer raises A$5 million ($3.48 million) in capital at A$0.020 per share

** Issue price represents a 20% discount to stock's last close

** Stock last down 22.9%

** AGR lost 33.3% in 2025, and is down 15.9% YTD

($1 = 1.4368 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))