Australia's NewPeak Metals drops on discounted placement
15/07/2026 01:30
BUZZ-Australia's NewPeak Metals drops on discounted placement ** Shares of NewPeak Metals NPM.AX fall 11.8% to A$0.015 in early trade, their lowest point since July 6
** Stock on track for its weakest trading session since June 30, if trends sustain
** The diversified miner receives binding commitments to raise A$3.5 million ($2.44 million) via a placement
** The placement issue price at A$0.013 per share, a 23.5% discount to stock's last close
** Says funds will be used to advance company's Las Openas gold project in Argentina
** Stock down 30.4% YTD, including the day's moves
($1 = 1.4331 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)