Australia's Greenvale Energy falls on discounted placement

Greenvale Energy

24/03/2025 24:59

** Shares of Greenvale Energy GRV.AX fall 1.7% to A$0.058, their lowest levels since Feb 25

** The mineral explorer successfully raises A$1.8 million ($1.13 million) via a placement

** Placement issue price at A$0.048 per share, an 18.6% discount to stock's last close

** Funds to be used to advance upcoming explorations across co's Australian uranium portfolio

** Stock up 70.6% YTD, including current session's moves

   ($1 = 1.5903 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

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