Australia's Maronan Metals slips on discounted placement

Maronan Metals

08/10/2025 03:06

** Maronan Metals MMA.AX slips as much as 14% to A$0.37; marks biggest intraday pct drop since April 7

** Stock hits lowest since September 26

** Silver explorer receives commitments to raise A$16 mln ($10.5 mln) via placement

** Issue price of A$0.35/share represents 18.6% discount to last close

** About 930,000 shares traded, 2.3x the 30-day avg

** YTD, MMA gains 81%

($1 = A$1.5237)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))