Australia's Hawsons Iron slips to one-month low on discounted capital raising
31/07/2026 06:47
BUZZ-Australia's Hawsons Iron slips to one-month low on discounted capital raising ** Shares of Hawson Iron HIO.AX fall as much as 8.3% to A$0.011, their lowest level since June 30
** Stock logs its biggest intraday pct loss since June 29
** The mineral explorer launches share purchase plan (SPP) to raise up to A$1.5 million ($1.05 million)
** SPP priced at A$0.011 per share, an 8.3% discount to company's last close
** Adds funds to be used for finalising test and study into non-magnetic iron byproducts and working capital purposes among others
** Stock down 52.1% YTD, including sessions' moves
($1 = 1.4235 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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