Australia's Brainchip Holdings slumps to 15-month low

Brainchip Holdings

15/02/2023 04:38

** Shares of software solutions provider Brainchip Holdings
 BRN.AX  slide as much as 15% to A$0.50 - hitting their lowest
level since Nov. 11, 2021
    ** Stock logs biggest intraday pct drop since Oct. 28, 2022
    ** In a response to a stock exchange query, BRN said it is
not aware of any reason that could explain the decline in share
price and sharply higher trading volumes
    ** BRN confirmed that it was complying with the exchange's
listing rules
    ** More than 24.1 mln shares change hands, nearly threefold
the 30-day average volume of ~8 mln shares
    ** BRN stock has declined nearly 80% in value since hitting
a peak of A$2.13 in Jan, 2022
    ** Stock down 20.8% this year, as of last close
 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))