Australia's Jayride Group drops to record low on discounted entitlement offer

Jayride

20/12/2024 01:02

** Jayride Group  JAY.AX  plunges as much as 40% to record
low of A$0.003
    ** Stock logs biggest intraday pct fall since December 2023
    ** Online travel marketplace for airport transfers announces
A$4.3 mln ($2.7 mln) entitlement offer
    ** Issue price of A$0.003, a 40% discount to last close
    ** Nearly 5 mln shares traded, ~32x the 30-day avg, in
stocks busiest day since March 5
    ** JAY down 92.5% YTD

($1 = A$1.6062)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))