Australia's Auking Mining falls on discounted placement

Auking Mining

14/08/2024 01:50

** Shares of Auking Mining  AKN.AX  fall as much as 27.8% to
A$0.007
    ** Stock posts its biggest intraday pct fall since July 16
    ** The e-commerce platform operator says it will raise A$2.8
mln ($1.86 mln) at A$0.005 per share
    ** Offer price at a discount of 44.4% to last close 
    ** About 12.7 mln shares change hands, compared with the
30-day average volume of 12.3 mln 
    ** Stock has more than doubled this year, as of last close

    ($1 = 1.5072 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))