Australia's NeuRizer jumps most in 7 weeks on premium placement

Neurizer

06/03/2023 03:06

** Shares of NeuRizer Ltd  NRZ.AX  jump as much as 5.6% to
A$0.075, posting their biggest intraday pct gain since Jan 17
    ** Urea producer says it has successfully completed a
placement of 17.4 mln shares to raise A$1.4 mln ($947,380)
    ** Issue price of A$0.08 per share is at a 12.7% premium to
last close on March 3
    ** Co says funds raised will be used for general operating
costs, enabling steady progress of NeuRizer Urea Project
    ** Stock had fallen 27.6% YTD, as of last close 

($1 = 1.4778 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))