Australia's Anatara Lifesciences hits record low on discounted placement

Anatara Lifesciences

03/11/2023 24:32

** Shares of Australia's Anatara Lifesciences Ltd  ANR.AX 
fall as much as 26.7% to a record low of A$0.022
    ** Gastrointestinal health products maker says it will raise
about A$1.1 mln ($707,080.00) via entitlement offer
    ** Offer is priced at A$0.022 per share, representing a
26.7% discount to stock's last close on Tuesday
    ** Shares were on trading halt on Wednesday and Thursday 
    ** Stock posts its biggest intraday percentage fall since
June 14, 2019
    ** Stock down 11.8% YTD, as of last close

($1 = 1.5557 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))