Australia's Native Mineral Resources hits all-time low on discounted placement

Native Mineral Resources Holdings

27/01/2023 03:08

** Shares of Native Mineral Resources Holdings Ltd  NMR.AX 
fall as much as 14.4% to a record low of A$0.083 
    ** Miner raises A$404,000 ($287,607.60) in a placement at an
issue price of A$0.09 per share 
    ** Placement at a discount of 7.2% to stock's last close 
    ** Stock posts biggest intraday pct fall since Dec 23
    ** More than 629,380 shares change hands, compared with the
30-day average volume of 93,932 shares 
    ** Shares down 11.8% YTD, as of last close 
($1 = 1.4047 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))