Australia's Gratifii falls most in over 6 months on discounted placement

Gratifii

11/04/2022 05:21

** Shares of the digital customer engagement solution co
 GTI.AX  fall as much as 10.71% to A$0.025, their lowest since
Oct 6
    ** Says received firm commitments for A$3.7 mln ($2.8 mln)
placement of shares to be issued at a price of A$0.02/share
    ** Placement price represents a 7.1% discount to stock's
last close
    ** Stock posts its biggest intraday pct fall since Nov 26
    ** Over 1 mln shares change hands, compared with the 30-day
average volume of 324,298 shares
    ** Stock has fallen 15.15% this year as of last close

($1 = 1.3441 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))