Australia's Kuniko hits two month low on discounted placement

Kuniko

20/02/2026 02:52

** Shares of Kuniko  KNI.AX fall 10.5% to A$0.06, their lowest level since December 24

** Diversified miner says it has secured commitments for A$3.75 million  ($2.63 million) placement at A$0.053 per share

** Issue price represents a 20.9% discount to last close

** Stock down 13% YTD

($1 = 1.4239 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))