Australia's Pantera Minerals hits record low on discounted placement

Pantera Minerals

02/04/2024 04:20

** Shares of diversified miner Pantera Minerals  PFE.AX 
fall as much as 32.1% to a record low of A$0.036
    ** Stock also posts worst intraday percentage decline ever
    ** Co says it has completed a capital raise of A$3.45 mln at
A$0.035c per share
    ** Issue price represents a near 40% discount to PFE's last
close
    ** Trading vol at 1.5x the 30-day avg
    ** Stock up ~2% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))