Australia's Amaero loses most in 6 weeks on discounted placement

Amaero

21/08/2025 05:56

** Shares of Amaero 3DA.AX fall as much as 8.2% to A$0.390, its biggest intraday pct fall since July 9

** Stock marks its lowest level since July 15

** Titanium alloy producer to raise A$50 million ($32.1 million) via placement

** Placement at an issue price of A$0.40 per share, a discount of 5.9% to stock's last close

** Co says funds will be used to accelerate growth initiatives planned for FY2027 and beyond

** About 4.5 mln shares traded, 2.2x the 30-day average

** YTD stock up 59%, including current session's move

($1 = 1.5574 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))