Australia's Artemis Resources falls on discounted capital raise
08/11/2023 24:23
** Shares of Artemis Resources Ltd ARV.AX fall as much as
14.8% to A$0.023 in their biggest intraday pct drop since Oct.
31
** Gold and copper explorer receives firm commitments to
raise A$2.0 mln ($1.29 mln)
** Issue price of A$0.018 per share is at a 33.3% discount
to stock's last close
** About 6.5 mln shares change hands, compared with the
30-day average trading volume of 3.4 mln shares
** Artemis up 12.5% YTD, as of last close
($1 = 1.5557 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))