AUQ — Alara Resources News Story

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Basic MaterialsSpeculativeMicro CapTurnaround

Australia's Alara Resources hits three-week low on discounted placement

08/07/2026 04:00

BUZZ-Australia's Alara Resources hits three-week low on discounted placement

** Shares of Alara Resources AUQ.AX fall 20% to A$0.036, their lowest level since June 17

** Shares on track for worst day since November 2024, if moves hold

** The diversified miner raises A$3.84 million at issue price of A$0.032 per share

** Issue price represents a discount of 28.9% to stock's last close

** About 928,244 shares change hands, 2.5x the 30-day average of 366,365

** Stock up 24.1% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)