Australia's International Graphite slides on discounted placement

International Graphite

19/06/2026 03:06

** Shares of International Graphite IG6.AX fall 10.2% to A$0.044, on track for their worst day since May 7, if moves hold
** The graphite explorer to raise A$4 million ($2.80 million) at an issue price of A$0.04 per share
** Issue price represents a discount of 18.4% to stock's last close
** About 390,959 shares change hands, 1.1x the 30-day average of 340,249
** Stock down 29%, YTD, including moves in current session

   ($1 = 1.4271 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))