Australia's DigitalX sees biggest slump in nearly 5 years on lower FUM

Digitalx

14/06/2022 04:03

** Shares of blockchain and investment co DigitalX  DCC.AX 
slide as much as 23.8% to A$0.032, mark their biggest intraday
pct loss since Aug. 31, 2017
    ** Co posts total funds under management (FUM) of A$20.81
mln ($14.45 mln) as at May 31, down from FUM of A$27.53 mln as
at April 30  urn:newsml:reuters.com:*:nASX4ngfRv
    ** Co's DigitalX bitcoin and digital asset holdings stood at
A$24.58 mln as at May 31, compared to A$31.7 mln as at April 30
    ** Shares hit their lowest since July 27, 2020
    ** More than 4 mln shares trade hands, 3 times the 30-day
average volume of 1.3 mln shares
    ** As of last close, stock down 54.8% this year

($1 = 1.4401 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))