Australia's Microba Life Sciences slumps to record low on discounted placement

Microba Life Sciences

12/06/2026 02:19

** Shares of Microba Life Sciences MAP.AX fall 28.6% to A$0.045, marking a record low level
** Health sciences co secures A$5 million ($3.52 million) placement at an issue price of A$0.05
** Issue price represents a discount of 20.6% to the stock's last close
** About 1.2 million shares change hands, 2.6x the 30-day average of 438,476 
** Stock down 29.4% YTD
     
     
($1 = 1.4205 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))