Australia's Nexus Minerals falls on discounted placement
21/09/2026 04:28
BUZZ-Australia's Nexus Minerals falls on discounted placement ** Shares of Nexus Minerals NXM.AX fall as much as 5.2% to A$0.055, their lowest level since September 8
** Stock on track for its weakest session since September 4
** Gold explorer gets firm commitments to raise A$5.4 million ($3.85 million) via placement at an issue price of A$0.053 per share, representing a discount of 8.6% to stock's last close
** Funds will be used for drilling at the Wallbrook gold project, others, adds co
** YTD, stock down 21.4%, including the day's moves
(Reporting by Paridhi Minda in Bengaluru)
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