Australia's DMC Mining slumps in ASX debut

Dmc Mining

22/12/2021 03:53

** Shares of miner  DMM.AX  drop as much as 32.5% to A$0.135
on market debut 
    ** DMM started trading at A$0.170 
    ** Co raised A$5 mln ($3.57 mln) in an initial public
offering at issue price of A$0.20 per share  urn:newsml:reuters.com:*:nASX4JJ84H 
    ** Stock last down 30% at A$0.140, close to 1 mln shares
trade
    

($1 = 1.4015 Australian dollars)

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