Australia's American West hits over 2-month low on discounted capital raise

American West Metals

01/11/2022 24:16

** Shares of American West Metals  AW1.AX  drop as much as
13.8% to A$0.125, hit their lowest level since Aug 22
    ** Co announces a A$3.4 mln ($2.18 mln) capital raise to
fund copper and zinc projects in North America   urn:newsml:reuters.com:*:nASX4ZHRqB
    ** Issue price of A$0.125 per share represents a discount of
about 13% to its last close on Oct 27 
    ** Stock went on a trading halt on Oct 28
    ** American West stock marks worst session since Oct 10 
    ** More than 1.5 mln shares change hands, compared with the
30-day average volume of about 1 mln shares
    ** Stock up 16% this year, as of last close
     ($1 = 1.5613 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))