Australia's Critical Minerals falls most in a month over discounted placement

Critical Minerals

07/03/2024 24:51

** Shares of Australia's Critical Minerals  CMG.AX  fall as
much as 8.1% to A$0.17, their biggest intraday fall since Feb. 5
    ** Battery metals co receives firm commitments to raise
A$1.70 mln ($1.12 mln) via placement at issue price of A$0.15
per share
    ** Issue price represents a discount of 18.9% to stock's
last closing level
    ** Around 52,584 shares change hands as of 0042 GMT, vs
30-day average volume of 19,440 shares
    ** Stock up 8.8% YTD as of last close

($1 = 1.5228 Australian dollars)

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