Australia's Lord Resources gains most in 3 weeks on premium placement
24/04/2024 04:32
** Shares of Lord Resources LRD.AX rise as much as 19.6%
to A$0.055, their biggest intraday percentage gain since April 2
** Stock hits its highest level since April 10
** The lithium miner says it will raise A$1.5 mln
($977,850) via placement at A$0.05 per share
** Placement price represents a 8.7% premium to co's last
close on Friday
** Shares were on a trading halt on Monday and Tuesday
** Stock down 27% YTD, based on last close
($1 = 1.5340 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))