Allarity falls on going-concern warning

Allarity Therapeutics

22/08/2022 23:14

** Allarity Therapeutics' shares  ALLR.O  fall 4% to $1.46
in extended trade
    ** Says cash reserves insufficient to fund current operating
plan and planned capital expenditures for next 12 months,
raising "substantial doubt" over co's ability to continue as a
going concern  urn:newsml:reuters.com:*:nNDL26Bhft
    ** Due to significant losses, co has accumulated deficit of
$74.2 mln, as of June 30
    ** Up to Monday's close, stock had slumped 85% this year

 (Reporting by Leroy Leo in Bengaluru)
 ((Leroy.Dsouza@thomsonreuters.com ; Twitter: https://twitter.com/LeroyLeo7;))