Australia's Aurum Resources hits 1-month low on discounted placement

Aurum Resources

13/06/2024 01:50

** Shares of Aurum Resources  AUE.AX  fall as much as 16.3%
to A$0.335, hitting their lowest level since May 10
    ** Stock on track for worst day since Oct. 27, 2023, if
losses hold
    ** Diversified miner says oversubscribed A$17 mln ($11.3
mln) placement successfully completed at A$0.33 per new share
    ** Issue price represents discount of 17.5% to previous
session's close
    ** Stock up 60% so far this year, as of last close


($1 = 1.5017 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))