Australia's Lumos Diagnostics swings wildly coming off trading halt

Lumos Diagnostics Holdings

10/07/2023 05:04

** Shares of Lumos Diagnostics Holdings  LDX.AX  initially
surges nearly 28% after coming off a two-session trading halt
    ** But then reverses to drop as much as 12.8% to A$0.075
    ** Diagnostics solutions provider raises A$4.75 mln ($3.16
mln) by selling new shares at A$0.07 each
    ** Funds to be used to buy back outstanding convertible
notes
    ** About 36.2 mln shares traded, nearly 3x the 30-day avg
    ** Stock last off 11.6% on the day, cutting YTD gains to
~58%
 
 ($1 = 1.5008 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))