Australia's Nexus Minerals jumps on premium placement

Nexus Minerals

06/09/2024 02:09

** Shares of Nexus Minerals  NXM.AX  rise as much as 2.4% to
A$0.042, set for best day since Aug. 28, if gains hold     
    ** Resources co announces an A$4.1 million ($2.76 million)
placement to advance its Wallbrook Gold Project in Western
Australia
    ** Issue price of price of A$0.042 per new share represents
a 2.4% premium to stock's last close
    ** Stock hits highest level since Aug. 30
    ** NXM down 12.8% YTD as of last close

($1 = 1.4837 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))