Australia's Bryah Resources loses most in more than 2 weeks on discounted placement

Albright Metals

22/10/2025 03:43

** Shares of Australia's Bryah Resources BYH.AX fall as much as 16.7% to A$0.005, posting their biggest intraday pct drop since October 6

** Battery metals explorer says to raise A$1.98 million ($1.29 million) via placement at an issue price of A$0.00435 per share

** Issue price represents a discount of 27.5% to the stock's last closing

** Co says proceeds to fund gold and antimony drilling at its Golden Pike project in Canada

** Nearly 13.5 million shares change hands, 3.4x the 30-day average volume

** Stock has risen 25% so far this year

($1 = 1.5389 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))