Australia's New Murchison Gold falls on discounted placement

New Murchison Gold

25/06/2025 06:19

** Shares of New Murchison Gold NMG.AX fall 5.6% to A$0.017, their lowest since June 12

** Gold explorer raises A$15 million at A$0.017 ($9.74 million) per share

** Issue price represents a discount of 5.6% to stock's last close on June 19 after which it went on a trading halt

** About 24 mln shares change hands, 1.6x the 30-day average of 14.7 mln

** Stock up 88.9% YTD, including moves in current session

    ($1 = 1.5399 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))