Australia's DigitalX falls most in more than 3 months on discounted placement

Digitalx

17/03/2024 23:45

** Shares of Australia's DigitalX  DCC.AX  fall as much as
14.5% to A$0.071, marking their biggest intraday pct drop since
December 2023
    ** Stock hits its lowest level since March 6
        ** Blockchain-focussed co receives commitments to raise
A$5.3 mln ($3.48 mln) via placement
    ** Issue price of A$0.067 per share represents a discount of
19.3% to stock's last closing price
    ** Issue of 79.1 mln shares represents 0.1% of co's free
float of 631.4 mln shares - LSEG data
    ** About 1.5 mln shares change hands by 2329 GMT, vs the
30-day average volume of 4.3 mln shares
    ** Stock up 72.9% YTD, as of last close

($1 = 1.5246 Australian dollars)

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