Australia's Bionomics plunges to record low after co announces ASX delisting

Bionomics

25/07/2023 02:12

** Shares of Bionomics Ltd  BNO.AX  dip as much as 45.5% to
A$0.012, hitting a record low 
    ** The biopharma co submits formal request to the Australian
Securities Exchange to be removed from the official list
    ** The request follows receipt of in-principle approval from
ASX in relation to the proposed de-listing
    ** Says de-listing is considered by the board to be in the
best interests of the firm
    ** Says co to maintain its listing on Nasdaq 
    ** Shares post their biggest intraday pct loss since Oct 2,
2018
    ** About 16 mln shares exchange hands vs the 30-day average
of 1.4 mln shares
    ** BNO stock down ~39% YTD, as of last close 

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))