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MHC — Manhattan Gold News Story

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Basic MaterialsHighly SpeculativeMicro CapSucker Stock

Australia's Manhattan Gold hits near 2 month low on discounted placement

BUZZ-Australia's Manhattan Gold hits near 2 month low on discounted placement

** Shares of Australia's Manhattan Gold MHC.AX fall 15.7% to A$0.0215, their lowest level since July 20

** Shares on track for worst day since May 18 if trends hold

** Diversified miner discloses placement of A$4.5 million ($3.21 million) at A$0.02 per share, a 21.6% discount to last close on September 10

** More than 5.4 million shares change hands, about 2.8x the 30-day average

** YTD, stock down 23.2%, including the session's moves

($1 = 1.4019 Australian dollars)


(Reporting by Subhalakshmi Dey in Bengaluru)

((Subhalakshmi.Dey@thomsonreuters.com;))

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