Australia's Calmer Co International sinks on discounted capital raise

Calmer International

03/06/2024 03:23

** Shares of Calmer Co International  CCO.AX  fall as much
as 21.4% to A$0.006, its worst level since May 10
    ** Stock on track for biggest intraday pct fall since May 16
    ** Health and wellness company undertakes rights issue to
raise up to A$2 mln at 0.4 AU cents/share, a 42.9% discount to
last closing price
    ** 17.2 million shares change hands, compared with the
30-day average volume of 7 million
    ** Stock has remained flat this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))