Australia's Nimy Resources falls most in nearly 7 wks on discounted capital raise

Nimy Resources

14/02/2023 24:54

** Shares of nickel explorer Nimy Resources  NIM.AX  fall as
much as 11.7% to A$0.265, worst day since Dec 30
    ** Co raises A$3.2 million to fund ongoing exploration for
rare earth elements, Lithium and Nickel deposits at the Mons
Project in Western Australia  urn:newsml:reuters.com:*:nASX8XPmQd
    ** Issue price of A$0.265 per share represents a discount of
11.7% to its last close on Feb 9 before the stock went on a
trading halt
    ** Stock hits lowest level since Jan 24 
    ** More than 238,00 shares change hands, compared with the
30-day average volume of about 70,000 shares
    ** Stock has risen 20% this year as of last close
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))