Australia's Charger Metals hits nearly 3-week low on discounted placement

Charger Metals NL

23/11/2023 02:00

** Shares of Australia's Charger Metals  CHR.AX  fall as
much as ~7.3% to A$0.255, their lowest level since Nov 3
    ** The battery metals explorer says it received commitments
to place A$2.7 mln ($1.76 mln) at an issue price of A$0.255 per
share
    ** Issue price represents a discount of 7.3% to stock's last
closing
    ** Issue of 10.6 mln shares represents ~0.3% of co's free
float of ~40.1 mln shares - LSEG data
    ** About 579,003 shares change hands vs 30-day average
volume of 568,125 shares
    ** Charger stock down 38.2% YTD, as of last close

   ($1 = 1.5366 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))