Australia's Argosy Minerals heads for worst day in over a year on discounted placement
02/09/2026 02:28
BUZZ-Australia's Argosy Minerals heads for worst day in over a year on discounted placement ** Shares of Australia's Argosy Minerals AGY.AX fall as much as 18.6% to A$0.035, marking their biggest intraday pct loss since early July 2025
** Shares hit their lowest level since early Oct 2025
** Lithium developer discloses A$3 million ($2.14 million) placement at A$0.036 per share, a 16.3% discount to company's last close on Aug 28
**Shares were halted for trading from Aug 31
** Nearly 2.8 million shares change hands, about 1.6x the 30-day average
** Stock down 67.4% YTD, including session's moves
($1 = 1.4000 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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