Australia's Group 6 Metals hits over 2-week low on discounted placement

Group 6 Metals

28/11/2022 01:07

** Shares of Group 6 Metals Ltd  G6M.AX  fall as much as
5.3% to A$0.18, their lowest since Nov 10
    ** Co raises A$20 mln ($13.44 mln) in a placement to fund
Dolphin tungsten mine in Tasmania, Australia into production
    ** Issue price of A$0.17 per share represents a 10.5%
discount to stock's last close on Nov 23
    ** Stock posts its biggest intraday pct fall since Nov 10
    ** Nearly 899,000 shares change hands, almost 4 times the
30-day average volume 
    ** Stock up 31% this year, as of last close
($1 = 1.4879 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))