Australia's Aston Minerals hits over 2-year low on discounted placement

Aston Minerals

25/07/2023 02:15

** Shares of Aston Minerals  ASO.AX  fall as much as 15.4%
to A$0.055, hitting their lowest level since March 10, 2021
    ** Co says it has received firm commitments to raise A$11
mln ($7.4 mln) before costs
    ** Issue price of A$0.06 per share is at a 7.7% discount to
last close on July 19
    ** Says funds raised will be used for infill drilling at the
Bardwell zone, among others
    ** Stock posts biggest intraday pct loss since April 6, and
is on track to lodge a sixth consecutive session of losses, if
trend holds
    ** About 2.4 mln shares exchange hands vs the 30-day average
of 646,701 shares
    ** Stock down 18.8% YTD, as of last close

($1 = 1.4850 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))