Australia's Carnegie Clean Energy hits record low on discounted placement

Carnegie Clean Energy

27/05/2024 02:43

** Shares of Carnegie Clean Energy  CCE.AX  fall as much as
16.3% to record low of A$0.041
    ** Stock posts its biggest intraday pct decline since Nov.
16
    ** Technology developer says to launch A$3 mln ($1.99 mln)
share purchase plan at 4 Australian cents per share
    ** Offer at a discount of 18.4% to its last closing price
    ** About 721,192 shares change hands, compared with the
30-day average volume of 125,584
    ** Stock has fallen 22.2% this year, as of last close


($1 = 1.5083 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))