Australia's Auravelle Metals slips to over one month low on discounted placement

Auravelle Metals

20/07/2026 03:51

** Shares of Australia's Auravelle Metals AUV.AX fall as much as 11.1% to A$0.008, its lowest since June 15
** Stock posts its biggest intraday pct fall since June 29
** AUV set to clock its second consecutive session of losses, if trend holds
** Diversified miner announces A$1.5 million ($1.05 million) placement at issue price of A$0.008 per share
** Issue price represents discount of 11.1% to stock's last close
** Proceeds will be used to advance exploration activities across Auravelle's tenure, including upcoming drilling at Nuckulla Hill - AUV
** Near 5.7 million shares change hands, 6.7x the 30-day average volume 
** Stock has fallen 33.3% this year, including session moves


($1 = 1.4312 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))