Australia's Enova Mining falls on 18% discounted placement

Enova Mining

08/04/2024 03:34

** Shares of Enova Mining  ENV.AX  fall as much as 13.6% to
A$0.019, lowest level since Feb. 2
    ** Stock set for its worst day since March. 19, if current
trends hold
    ** The rare earth elements explorer receives commitments to
raise A$1.5 million ($987,000.00) at issue price of A$0.018 per
share
    ** Co says issue price is at 18.2% discount to stock's last
closing price 
    ** Stock on track for its fourth consecutive sessions of
loss
    ** Stock has risen 46.7% this year, as of last close

($1 = 1.5198 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))