Australia's NeuRizer jumps most in about 2 months on premium placement

Neurizer

04/09/2023 03:52

** Shares of NeuRizer Ltd  NRZ.AX  jump as much as 9.8% to
A$0.045, posting their biggest intraday pct gain since July 10 
    ** Urea producer says it has completed a placement of 20 mln
shares to raise A$1 mln ($646,800.00)
    ** Issue price of A$0.05 per share is at a 22% premium to
last close on Sept 1 
    ** Says funds raised to be used for general operating costs
    ** Shares on track to record second consecutive session of
gains, if trend holds 
    ** NRZ stock down 58.2% YTD, as of last close
    
($1 = 1.5461 Australian dollars)

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