Australia's Meeka Metals plunges over 27% on discounted placement
25/09/2026 01:21
BUZZ-Australia's Meeka Metals plunges over 27% on discounted placement ** Shares of Meeka Metals MEK.AX fall as much as 27.4% to A$0.098, posting their biggest intraday pct loss since mid-March 2020
** Shares hit lowest level since August 5
** Mineral explorer receives firm commitments for A$40 million ($28.02 million) placement
** Placement price of A$0.10 per share represents a 25.9% discount to last close on Tuesday; shares were halted for trading on Wednesday and Thursday pending announcement
** YTD, MEK down 62.4%
($1 = 1.4278 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
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