Australia's FBR falls to 2-month low on discounted fund raise

FBR

04/11/2024 02:36

** Robotic tech co FBR  FBR.AX  slides as much as 14% to
A$0.037, its biggest intraday pct loss since Aug. 5
    ** Co launches share purchase plan to raise A$8 mln (~$5
mln) at A$0.038, an 11.6% discount to last close
    ** Stock hits its lowest since Sept. 4
    ** Over 10 mln shares traded vs the 30-day avg of 6.4 mln
    ** FBR gains more than 40% YTD

($1 = A$1.5138)

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