Australia's Boadicea on track for worst day in 8 years on discounted capital raise

BOA Resources

13/06/2023 02:22

** Shares of Boadicea Resources  BOA.AX  drop as much as
35.06% to A$0.05, set for their worst day since Nov 2015, if
losses hold 
    ** The diversified miner says it has announced a pro-rata
renounceable entitlement to raise about A$2.4 mln ($1.62
mln) urn:newsml:reuters.com:*:nFWN3841X8
    ** Issue price of A$0.05 per share represents a discount of
35.1% to the last closing price on June 9 
    ** Around 440,4000 shares change hands, 8.1 times compared
with the 30-day average volume of 54,666
    ** Share hit lowest since Nov 2018 
    ** Stock down ~26.7% this year, as of last close

    ($1 = 1.4817 Australian dollars)
    
    

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))