Australia's Ballymore eyes best day in nearly 5 months on premium placement

Ballymore Resources

29/11/2023 24:34

** Shares of Australia's Ballymore Resources  BMR.AX  rise
as much as 31.8% to A$0.145, set to mark their best day since
July 4, if gains hold 
    ** Stock hits highest since Aug 22 
    ** The exploration co completes institutional placement of 
A$1.82 mln ($1.21 mln) at an issue price of A$0.12 per new
shares
    ** Offer price is a premium of over 9% to stock's last close
   
    ** Ballymore stock down 26.7% this year, as of last close

    
    ($1 = 1.5058 Australian dollars)
    

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))