Australia's Anson Resources slips on discounted placement

Anson Resources

21/11/2025 02:18

** Shares of Anson Resources ASN.AX fall 21% to A$0.079, their biggest intraday pct loss since September 26, 2022

** Stock posts its lowest level since November 6

** The mineral resources firm says firm commitments received to raise A$14 million ($9.04 million) at an issue price of A$0.08 per share

** Offer price at a 20% discount to the stock's last close

** Funds will be used to advance the Green River Lithium Project exploration programme, others

** About 20 million shares traded, 5.2x the 30-day average

** YTD,  stock up 12.9%, including current session's move

($1 = 1.5494 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

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