Australia's Estrella Resources climbs to near 3-year high on premium placement

Estrella Resources

31/01/2025 24:45

** Shares of Estrella Resources  ESR.AX  rise as much as
10.7% to A$0.031, their highest levels since March 21, 2022
    ** The nickel explorer says it will raise A$3.8 million 
($2.36 million) at an issue price of A$0.03 per share
    ** Issue price represents a 7.1% premium on co's last close
    ** About 11.1 mln shares change hands vs the 30-day average
of around 4.4 mln
    ** Stock up 52.5% this year, including the session's move

   ($1 = 1.6095 Australian dollars)
    

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))