Australia's ClearVue sinks to near 1-yr low on share issue plan

ClearVue Technologies

17/10/2024 04:56

** Shares of ClearVue Technologies  CPV.AX  tumble as much
as 14.8% to A$0.345, their lowest since Nov. 3, 2023
    ** Stock posts largest intraday pct drop since Aug. 5, with
trading vol nearly 7x the 30-day avg
    ** Building solutions co to raise A$7.5 mln ($5.02 mln) via
a share placement at A$0.32/shr
    ** Price is a ~21% discount to stock's close on Oct. 14,
when trading was halted pending the announcement
    ** Co says funds for U.S. expansion
    ** ClearVue down ~27.6% YTD
 
 ($1 = A$1.4948)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))