Australia's High-Tech Metals slumps on discounted placement

High-Tech Metals

02/05/2025 02:25

** Shares of High-Tech Metals HTM.AX fall 11.1% to A$0.16, their lowest since February 19

** The cobalt explorer announces raising of A$1.3 million ($832,780.00) at A$0.15 per share

** Issue price represents discount of 16.7% to stock's last close

** Stock posts biggest percentage intraday drop since April 9

** Stock up 3.2% YTD, including moves in current session

($1 = 1.5610 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))