Australia's Jindalee Lithium hits more than 4-year low on discounted placement

Jindalee Lithium

04/07/2024 06:24

** Shares of Jindalee Lithium  JLL.AX  fall as much as 13.7%
to A$0.268, their lowest level since June 1, 2020
    ** Stock posts biggest intraday pct drop since June 14
    ** Co to raise A$0.6 mln ($402,660.00) via institutional
placement at A$0.30 per share
    ** Issue price represents a 3.2% discount to stock's last
close
    ** About 63,000 shares change hands, compared with the
30-day average volume of 55,391 shares
    ** Stock had fallen 73.1% this year, as of last close

($1 = 1.4901 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))