Australia's Aurum Resources hits one-month low on discounted placement
23/09/2026 05:48
BUZZ-Australia's Aurum Resources hits one-month low on discounted placement ** Shares of Australia's Aurum Resources AUE.AX fall as much as 5.9% to A$0.5225, their lowest level since August 19
** Stock snaps a three-session winning streak
** Gold explorer gets firm commitments to raise up to A$52.5 million ($37.28 million) at an issue price of A$0.55 per share
** Issue price at a discount of 0.9% to the stock's last close on September 18 before it went into a trading halt
** Funds will be used for exploration drilling and working capital at the Boundiali project in West Africa
** YTD, stock down 22.5%, including the session's moves
($1 = 1.4085 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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