Australia's Lode Resources hits over 7-month low on discounted placement

Lode Resources

17/04/2026 03:29

** Shares of Lode Resources LDR.AX fall 9.7% to A$0.14, their lowest level since September 11

** Stock on track for worst day since March 19, if trend holds

** Co to raise A$4.5 million ($3.22 million) at an issue price of A$0.13 per share

** Issue price represents a discount of 16.1% to stock's last close

** About 323,384 shares change hands, 1.2x the 30-day average of 265,982

** Stock down 33.3% YTD

($1 = 1.3963 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))