Australia's EVE Health slips on discounted placement

Eve Health

13/03/2026 02:47

** Shares of EVE Health Group EVE.AX fall as much as 9.5% to A$0.019, their largest intraday pct loss since March 6

** Health and wellness product maker raises A$904,000 ($640,212.80) via placement

** Placement issue price at A$0.02, a 4.8% discount to stock's last close

** Says funds will be used to support the advancement of reformulated pharma programs targeting global markets

** More than 269,000 shares traded so far vs 30-day average volume of around 262,000 shares

** Stock down 9.5% YTD, including the day's moves

($1 = 1.4120 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))