Australia's Global Uranium and Enrichment falls on discounted placement

Global Uranium and Enrichment

23/02/2024 24:31

** Shares of Global Uranium and Enrichment  GUE.AX  fall as
much as 7.7% to A$0.120, set for worst day since Feb 13, if
losses hold
    ** The uranium explorer announces A$6.15 mln ($4.04 mln)
placement to fund upcoming drill programmes
    ** Issue price of A$0.115 is at an 8% discount to stock's
last closing price 
    ** Stock set for fourth consecutive weekly loss, if trend
holds
    ** GUE stock up 32.7% YTD, as of last close 

    ($1 = 1.5239 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))