Australia's Nanoveu jumps on plan to repay Antiviral Tech

Nanoveu

05/10/2022 02:50

** Shares of Australia's Nanoveu  NVU.AX  rise as much as
30% to A$0.013, their highest since Aug 31
    ** Stock posts its biggest intraday pct gain since Aug 23,
2021
    ** Nanotechnology co receives firm commitments to raise A$1
mln ($650,900)  urn:newsml:reuters.com:*:nASXc8Tc5W
    ** Says placement through the issue of 100 mln fully paid
ordinary shares at an issue price of A$0.01 per share
    ** Says proceeds will be used to repay an outstanding amount
of A$626,000 to Antiviral Technologies(https://bit.ly/3SEzn2T)
    ** More than 3.7 mln shares change hands, compared with the
30-day average volume of 117,854 shares
    ** Stock had fallen 67.7% this year, as of last close
($1 = 1.5363 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))