Australia's Deep Yellow hits 2-month low on discounted placement

DEEP YELLOW

10/03/2024 23:48

** Shares of Australia's Deep Yellow  DYL.AX  fall as much
as 5.5% to A$1.205, their lowest level since Jan 11
    ** Stock posts its biggest intraday pct drop since March 1
    ** The uranium miner receives binding commitments to raise
A$220 mln ($145.68 mln) at issue price of A$1.225 per share
    ** Issue price represents a discount of 3.9% to stock's last
closing
    ** Issue of 179.6 mln shares represent 0.26% of co's free
float of ~684 mln shares - LSEG data
    ** Nearly 3.1 mln shares change hands, vs 30-day average
volume of 5.2 mln shares    
    ** Stock up ~17% YTD, as of last close

    ($1 = 1.5101 Australian dollars)

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