Australia's First Graphene hits over 1-month low on discounted share purchase plan

First Graphene

14/11/2023 03:03

** Shares of Australia's First Graphene  FGR.AX  fall as
much as 6.4% to A$0.073, their lowest level since Oct 5
    ** Stock posts its biggest intraday pct fall since Oct 24
    ** The graphene products supplier announces share purchase
plan to raise A$5 mln ($3.19 mln)
    ** Issue price of A$0.064 per share represents a discount of
0.18% to stock's last closing
    ** Issue of 78.1 mln shares represents 0.16% of co's free
float of 502.05 mln shares - LSEG data
    ** Stock down ~30.7% YTD, as of last close

    ($1 = 1.5689 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))